Key Points
- Lowe’s EVP Margrethe Vagell sold 2,500 shares on June 18 for about $559,575, reducing her direct ownership by 11% to 20,220 shares.
- The company recently beat quarterly expectations, reporting EPS of $3.03 versus $2.97 expected and revenue of $23.08 billion, up 10.3% year over year.
- Lowe’s raised its dividend to $1.25 per share quarterly from $1.20, implying an annualized payout of $5.00 and a yield of about 2.3%.
Lowe's Companies, Inc. (NYSE:LOW - Get Free Report) EVP Margrethe Vagell sold 2,500 shares of the business's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the transaction, the executive vice president directly owned 20,220 shares of the company's stock, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Lowe's Companies Price Performance
Shares of NYSE LOW opened at $214.27 on Tuesday. Lowe's Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The business has a fifty day moving average price of $226.35 and a 200 day moving average price of $245.32. The stock has a market capitalization of $120.14 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87.
Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.92 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts anticipate that Lowe's Companies, Inc. will post 12.48 earnings per share for the current fiscal year.
Lowe's Companies Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. Lowe's Companies's payout ratio is presently 40.57%.
Institutional Trading of Lowe's Companies
Several large investors have recently bought and sold shares of the stock. FAS Wealth Partners Inc. increased its stake in Lowe's Companies by 12.7% during the 1st quarter. FAS Wealth Partners Inc. now owns 1,932 shares of the home improvement retailer's stock valued at $456,000 after purchasing an additional 218 shares in the last quarter. Rathbones Group PLC lifted its stake in shares of Lowe's Companies by 2.6% during the first quarter. Rathbones Group PLC now owns 7,688 shares of the home improvement retailer's stock worth $1,817,000 after buying an additional 198 shares during the period. Stillwater Private Wealth LLC acquired a new stake in shares of Lowe's Companies during the first quarter worth $280,000. Parallel Advisors LLC grew its holdings in shares of Lowe's Companies by 9.1% during the first quarter. Parallel Advisors LLC now owns 8,973 shares of the home improvement retailer's stock valued at $2,120,000 after buying an additional 752 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Lowe's Companies by 139.9% during the first quarter. NewEdge Advisors LLC now owns 245,098 shares of the home improvement retailer's stock valued at $57,912,000 after buying an additional 142,938 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 subject of a number of analyst reports. Robert W. Baird decreased their target price on shares of Lowe's Companies from $320.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, May 21st. KeyCorp cut their price target on shares of Lowe's Companies from $300.00 to $275.00 and set an "overweight" rating on the stock in a report on Thursday, May 21st. Citigroup raised Lowe's Companies from a "neutral" rating to a "buy" rating and set a $285.00 price target on the stock in a research report on Tuesday, May 12th. Gordon Haskett reduced their price target on Lowe's Companies from $280.00 to $250.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Finally, Wolfe Research set a $254.00 price objective on Lowe's Companies in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $264.57.
Read Our Latest Analysis on Lowe's Companies
About Lowe's Companies
(
Get Free Report)
Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.
Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.
Further Reading
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