Lowe’s Companies, Inc. $LOW Stock Holdings Lifted by Doliver Advisors LP

by · The Cerbat Gem

Doliver Advisors LP lifted its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,106 shares of the home improvement retailer’s stock after acquiring an additional 174 shares during the period. Doliver Advisors LP’s holdings in Lowe’s Companies were worth $1,798,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LOW. Brighton Jones LLC grew its position in Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after purchasing an additional 259 shares in the last quarter. Janus Henderson Group PLC grew its position in Lowe’s Companies by 0.4% during the fourth quarter. Janus Henderson Group PLC now owns 82,024 shares of the home improvement retailer’s stock valued at $20,261,000 after purchasing an additional 300 shares in the last quarter. Man Group plc grew its position in Lowe’s Companies by 21.4% during the fourth quarter. Man Group plc now owns 125,991 shares of the home improvement retailer’s stock valued at $31,095,000 after purchasing an additional 22,171 shares in the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in Lowe’s Companies during the fourth quarter valued at approximately $8,358,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 0.2%

LOW stock opened at $271.89 on Friday. The company has a market capitalization of $152.48 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.52 and a beta of 0.87. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The firm has a 50 day moving average of $243.26 and a two-hundred day moving average of $231.83.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, topping 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 business had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the previous year, the company earned $4.10 earnings per share. Lowe’s Companies’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. On average, research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS 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. Stockholders of record on Wednesday, October 22nd will be paid a $0.012 dividend. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe’s Companies’s payout ratio is presently 39.44%.

Insider Activity

In other news, EVP Brandon J. Sink sold 8,192 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $268.58, for a total value of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. The trade was a 27.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at $7,741,462.80. The trade was a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock valued at $24,945,752 over the last three months. Corporate insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Barclays set a $267.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 21st. Truist Financial boosted their price objective on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $284.13.

Read Our Latest Analysis on Lowe’s Companies

About Lowe’s Companies

(Free Report)

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.

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