Lowe’s Companies, Inc. $LOW Stock Holdings Lifted by Pure Financial Advisors LLC

Pure Financial Advisors LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 829.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 24,567 shares of the home improvement retailer’s stock after acquiring an additional 21,925 shares during the period. Pure Financial Advisors LLC’s holdings in Lowe’s Companies were worth $5,451,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Fairway Wealth LLC acquired a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $32,000. Inlight Wealth Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $36,000. IFS Advisors LLC increased its holdings in Lowe’s Companies by 60.0% during the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 60 shares in the last quarter. TruNorth Capital Management LLC acquired a new stake in Lowe’s Companies during the 1st quarter valued at $38,000. Finally, JNBA Financial Advisors increased its holdings in Lowe’s Companies by 147.1% during the 1st quarter. JNBA Financial Advisors now owns 168 shares of the home improvement retailer’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock worth $24,945,752 in the last three months. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Gordon Haskett upgraded Lowe’s Companies to a “hold” rating in a research report on Wednesday, August 13th. Royal Bank Of Canada increased their price objective on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research report on Thursday, August 21st. Citigroup decreased their price objective on Lowe’s Companies from $253.00 to $242.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Finally, UBS Group increased their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Sixteen equities research 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’s stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $285.50.

Lowe’s Companies Trading Down 1.3%

Shares of Lowe’s Companies stock opened at $248.12 on Thursday. The company has a market capitalization of $139.16 billion, a PE ratio of 20.39, a PEG ratio of 2.33 and a beta of 0.88. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The stock’s fifty day simple moving average is $253.13 and its 200 day simple moving average is $233.78.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating 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 business posted $4.10 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. Lowe’s Companies’s payout ratio is currently 39.44%.

About Lowe’s Companies

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.