Garde Capital Inc. Grows Stake in Lowe’s Companies, Inc. $LOW

Garde Capital Inc. raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 21.9% during the second quarter, HoldingsChannel reports. The fund owned 712 shares of the home improvement retailer’s stock after buying an additional 128 shares during the period. Garde Capital Inc.’s holdings in Lowe’s Companies were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Nuveen LLC purchased a new stake in shares of Lowe’s Companies during the first quarter valued at $681,215,000. Pacer Advisors Inc. boosted its position in shares of Lowe’s Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer’s stock valued at $475,339,000 after buying an additional 1,971,996 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Lowe’s Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer’s stock valued at $386,540,000 after buying an additional 1,651,170 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Lowe’s Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer’s stock valued at $172,527,000 after buying an additional 675,318 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Lowe’s Companies during the fourth quarter valued at $159,029,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays set a $267.00 price objective on Lowe’s Companies in a research report on Thursday, August 21st. Truist Financial increased their target price on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Robert W. Baird raised their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Sanford C. Bernstein raised their target price on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.13.

Insider Buying and Selling

In other news, EVP Brandon J. Sink sold 8,192 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total value of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares of the company’s stock, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the sale, the executive vice president directly owned 30,099 shares in the company, valued at $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last ninety days. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Down 0.2%

NYSE LOW opened at $271.89 on Friday. The stock’s 50-day moving average price is $243.26 and its 200-day moving average price is $231.73. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The company has a market capitalization of $152.48 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.52 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter last year, the company earned $4.10 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Lowe’s Companies Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.