Lowe’s Companies, Inc. $LOW is Ghe LLC’s 10th Largest Position

Ghe LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,789 shares of the home improvement retailer’s stock after selling 3,696 shares during the quarter. Lowe’s Companies makes up 2.0% of Ghe LLC’s investment portfolio, making the stock its 10th biggest holding. Ghe LLC’s holdings in Lowe’s Companies were worth $4,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. SeaBridge Investment Advisors LLC boosted its position in shares of Lowe’s Companies by 3.7% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after purchasing an additional 465 shares during the period. QRG Capital Management Inc. lifted its stake in Lowe’s Companies by 2.6% in the second quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after buying an additional 3,947 shares during the last quarter. Strathmore Capital Advisors Inc. purchased a new stake in Lowe’s Companies in the second quarter valued at approximately $2,717,000. First Pacific Financial grew its position in shares of Lowe’s Companies by 147.3% during the second quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock worth $611,000 after acquiring an additional 1,639 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after acquiring an additional 5,820 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.4%

Shares of NYSE:LOW opened at $247.20 on Monday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $274.98. The company has a 50-day moving average price of $238.74 and a 200 day moving average price of $239.28. The company has a market cap of $138.67 billion, a P/E ratio of 20.50, a PEG ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its 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 negative return on equity of 55.86% and a net margin of 8.05%.The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the prior year, the business posted $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. Analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently announced 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. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s payout ratio is presently 39.80%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group decreased their price target on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. DA Davidson decreased their target price 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. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their price objective on Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, November 20th. Sixteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $275.92.

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.