Lowe’s Companies, Inc. $LOW Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.6% during the second quarter, HoldingsChannel.com reports. The fund owned 19,206 shares of the home improvement retailer’s stock after purchasing an additional 1,356 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lowe’s Companies were worth $4,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Solstein Capital LLC raised its position in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the period. Olistico Wealth LLC purchased a new stake in shares of Lowe’s Companies in the second quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC grew its stake in shares of Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock valued at $43,000 after buying an additional 97 shares in the last quarter. Vista Cima Wealth Management LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $44,000. Finally, Orion Capital Management LLC raised its holdings in shares of Lowe’s Companies by 34.2% during the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW opened at $227.59 on Friday. The company has a market capitalization of $127.64 billion, a P/E ratio of 18.70, a PEG ratio of 2.21 and a beta of 0.87. The company has a 50-day moving average of $247.66 and a 200-day moving average of $237.39. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $280.64.

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

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, October 22nd. Lowe’s Companies’s payout ratio is 39.44%.

Insider Transactions at Lowe’s Companies

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 completion of the sale, the chief executive officer owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brandon J. Sink sold 8,192 shares of the 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 directly owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 92,931 shares of company stock valued at $24,945,752. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LOW shares. KeyCorp upped their price target on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Sanford C. Bernstein raised their price target on shares of Lowe’s Companies from $279.00 to $282.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Mizuho boosted their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Royal Bank Of Canada raised their target price on Lowe’s Companies from $243.00 to $260.00 and gave the company a “sector perform” rating in a research note on Thursday, August 21st. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $278.91.

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.