Blueshift Asset Management LLC Has $957,000 Stock Holdings in Lowe’s Companies, Inc. $LOW

Blueshift Asset Management LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 44.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,315 shares of the home improvement retailer’s stock after selling 3,513 shares during the period. Blueshift Asset Management LLC’s holdings in Lowe’s Companies were worth $957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lowe’s Companies by 26.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,358,118 shares of the home improvement retailer’s stock worth $523,196,000 after purchasing an additional 491,005 shares during the period. OMERS ADMINISTRATION Corp grew its position in Lowe’s Companies by 1.2% during the second quarter. OMERS ADMINISTRATION Corp now owns 575,842 shares of the home improvement retailer’s stock worth $127,762,000 after buying an additional 7,100 shares in the last quarter. Claret Asset Management Corp increased its stake in Lowe’s Companies by 5.2% during the 2nd quarter. Claret Asset Management Corp now owns 3,334 shares of the home improvement retailer’s stock worth $740,000 after acquiring an additional 166 shares during the period. Panagora Asset Management Inc. raised its holdings in Lowe’s Companies by 4.7% in the 2nd quarter. Panagora Asset Management Inc. now owns 14,530 shares of the home improvement retailer’s stock valued at $3,224,000 after acquiring an additional 646 shares in the last quarter. Finally, VestGen Advisors LLC lifted its position in shares of Lowe’s Companies by 5.9% during the 2nd quarter. VestGen Advisors LLC now owns 6,931 shares of the home improvement retailer’s stock valued at $1,538,000 after acquiring an additional 384 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.6%

Shares of LOW opened at $246.29 on Tuesday. The firm’s fifty day simple moving average is $239.99 and its two-hundred day simple moving average is $238.08. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The stock has a market capitalization of $138.12 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter last year, the firm posted $2.89 EPS. The company’s quarterly revenue 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. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Brandon J. Sink sold 8,192 shares of the firm’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 transaction, the executive vice president directly owned 21,603 shares in the company, valued at approximately $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. The trade was a 39.69% decrease in their position. The SEC filing for this sale provides additional information. 0.27% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wolfe Research reduced their price objective on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Bank of America reduced their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Piper Sandler boosted their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Oppenheimer upped their target price on Lowe’s Companies from $305.00 to $320.00 and gave the stock an “outperform” rating in a research note on Thursday, September 25th. Finally, DA Davidson decreased their price target on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Fifteen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $274.63.

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.