Tyche Wealth Partners LLC Lowers Stock Position in Lowe’s Companies, Inc. $LOW

Tyche Wealth Partners LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,779 shares of the home improvement retailer’s stock after selling 99 shares during the period. Tyche Wealth Partners LLC’s holdings in Lowe’s Companies were worth $1,282,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SeaBridge Investment Advisors LLC lifted its position in shares of Lowe’s Companies by 3.7% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after buying an additional 465 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Lowe’s Companies by 1.2% during the 1st quarter. State of Alaska Department of Revenue now owns 125,299 shares of the home improvement retailer’s stock valued at $29,223,000 after purchasing an additional 1,470 shares during the period. Larson Financial Group LLC raised its stake in Lowe’s Companies by 8.1% during the 1st quarter. Larson Financial Group LLC now owns 16,551 shares of the home improvement retailer’s stock valued at $3,860,000 after purchasing an additional 1,242 shares during the period. Advent Capital Management DE raised its stake in Lowe’s Companies by 20.0% during the 1st quarter. Advent Capital Management DE now owns 18,000 shares of the home improvement retailer’s stock valued at $4,198,000 after purchasing an additional 3,000 shares during the period. Finally, Cornerstone Wealth Group LLC raised its stake in Lowe’s Companies by 12.6% during the 1st quarter. Cornerstone Wealth Group LLC now owns 29,361 shares of the home improvement retailer’s stock valued at $6,848,000 after purchasing an additional 3,295 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird lifted their target price on Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Wells Fargo & Company lifted their target price on Lowe’s Companies from $260.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Truist Financial lifted their target price on Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday. Seventeen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $285.50.

Lowe’s Companies Price Performance

NYSE:LOW opened at $241.67 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The stock’s 50 day simple moving average is $254.18 and its two-hundred day simple moving average is $234.30. The company has a market cap of $135.54 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.28 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $23.96 billion for the quarter, compared to the consensus estimate of $23.99 billion. During the same quarter in the previous year, the company posted $4.10 EPS. The company’s revenue 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. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be issued a $1.20 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is 39.44%.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last 90 days. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Company 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.