Lowe’s Companies, Inc. $LOW Shares Bought by Chilton Capital Management LLC

Chilton Capital Management LLC increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 41.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 224,373 shares of the home improvement retailer’s stock after purchasing an additional 65,457 shares during the period. Lowe’s Companies makes up approximately 1.8% of Chilton Capital Management LLC’s holdings, making the stock its 14th biggest holding. Chilton Capital Management LLC’s holdings in Lowe’s Companies were worth $49,782,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Resonant Capital Advisors LLC boosted its stake in shares of Lowe’s Companies by 5.8% in the second quarter. Resonant Capital Advisors LLC now owns 12,842 shares of the home improvement retailer’s stock valued at $2,849,000 after purchasing an additional 700 shares during the period. Whipplewood Advisors LLC boosted its position in Lowe’s Companies by 8.6% in the 2nd quarter. Whipplewood Advisors LLC now owns 792 shares of the home improvement retailer’s stock valued at $176,000 after buying an additional 63 shares during the last quarter. Cabot Wealth Management Inc. purchased a new stake in shares of Lowe’s Companies during the second quarter worth about $222,000. Brighton Jones LLC boosted its holdings in Lowe’s Companies by 0.8% in the second quarter. Brighton Jones LLC now owns 32,707 shares of the home improvement retailer’s stock valued at $7,257,000 after purchasing an additional 268 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in Lowe’s Companies by 14.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 1,487 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of several recent analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, August 21st. Stifel Nicolaus boosted their target price on Lowe’s Companies from $240.00 to $265.00 and gave the stock a “hold” rating in a research report on Monday, August 18th. Piper Sandler upped their price target on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $280.00 to $283.00 and gave the company an “overweight” rating 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 report on Friday, October 3rd. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $282.91.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were 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 of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $2,200,207.36. Following the transaction, the executive vice president owned 21,603 shares in the company, valued at approximately $5,802,133.74. This represents a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 0.3%

Shares of NYSE LOW opened at $243.06 on Friday. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The firm’s 50-day moving average is $254.64 and its 200-day moving average is $235.63. The firm has a market capitalization of $136.31 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 2.25 and a beta of 0.88.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. During the same period last year, the firm earned $4.10 earnings per share. The business’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. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share 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. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 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.