Peoples Bank KS Sells 2,687 Shares of Lowe’s Companies, Inc. $LOW

Peoples Bank KS lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 30.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,154 shares of the home improvement retailer’s stock after selling 2,687 shares during the period. Lowe’s Companies accounts for 1.5% of Peoples Bank KS’s holdings, making the stock its 19th largest holding. Peoples Bank KS’s holdings in Lowe’s Companies were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock valued at $12,197,604,000 after acquiring an additional 366,977 shares in the last quarter. State Street Corp increased its holdings in Lowe’s Companies by 0.8% in the 2nd quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock worth $5,527,176,000 after purchasing an additional 207,826 shares in the last quarter. Geode Capital Management LLC raised its position in Lowe’s Companies by 0.3% in the second quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after purchasing an additional 42,190 shares during the last quarter. Norges Bank bought a new position in Lowe’s Companies in the second quarter valued at about $1,773,624,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Lowe’s Companies by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock valued at $881,406,000 after purchasing an additional 225,964 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $247.99 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $274.98. The company has a 50 day simple moving average of $239.25 and a two-hundred day simple moving average of $239.66. The company has a market capitalization of $139.11 billion, a PE ratio of 20.56, a P/E/G ratio of 4.09 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The firm had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio is 39.80%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America reduced their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Barclays set a $267.00 target price on shares of Lowe’s Companies in a report on Thursday, August 21st. Stifel Nicolaus upped their price target on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, December 1st. DA Davidson dropped their price target on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Finally, Sanford C. Bernstein boosted their price objective on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Sixteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $276.46.

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.