Lowe’s Companies, Inc. $LOW Shares Sold by Harold Davidson & Associates Inc.

Harold Davidson & Associates Inc. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,609 shares of the home improvement retailer’s stock after selling 383 shares during the quarter. Lowe’s Companies accounts for about 1.0% of Harold Davidson & Associates Inc.’s holdings, making the stock its 25th biggest holding. Harold Davidson & Associates Inc.’s holdings in Lowe’s Companies were worth $1,775,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Wood Tarver Financial Group LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Lowe’s Companies in the first quarter valued at approximately $32,000. Orion Capital Management LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Lowe’s Companies in the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC raised its holdings in Lowe’s Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on LOW shares. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. KeyCorp raised their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, UBS Group raised their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $284.13.

Insiders Place Their Bets

In other Lowe’s Companies 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 transaction of $10,564,000.00. Following the sale, the chief executive officer directly 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 is accessible through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,121 shares of company stock worth $13,003,146. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $272.56 on Friday. The firm’s fifty day moving average price is $242.38 and its 200 day moving average price is $231.63. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $287.01. The firm has a market cap of $152.86 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.47 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 earnings per share 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 analyst estimates of $23.99 billion. During the same period last year, the firm posted $4.10 EPS. Lowe’s Companies’s quarterly revenue 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, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

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