Douglas Lane & Associates LLC Reduces Holdings in Lowe’s Companies, Inc. $LOW

Douglas Lane & Associates LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,917 shares of the home improvement retailer’s stock after selling 5,400 shares during the period. Douglas Lane & Associates LLC’s holdings in Lowe’s Companies were worth $58,534,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Lowe’s Companies during the 2nd quarter valued at $1,773,624,000. Tableaux LLC purchased a new stake in shares of Lowe’s Companies in the second quarter valued at $282,884,000. Laurel Wealth Advisors LLC boosted its stake in shares of Lowe’s Companies by 22,167.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after acquiring an additional 1,027,683 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in shares of Lowe’s Companies by 243.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after acquiring an additional 791,526 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Lowe’s Companies by 26.3% during the 2nd 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 in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 2.8%

LOW stock opened at $240.72 on Friday. The company has a market cap of $135.03 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 3.99 and a beta of 0.96. The business has a fifty day simple moving average of $239.68 and a 200-day simple moving average of $239.90. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $274.98.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating 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 firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter last year, the firm earned $2.89 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The company 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 dividend of $1.20 per share. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. Lowe’s Companies’s payout ratio is presently 39.80%.

Analyst Ratings Changes

Several research firms have issued reports on LOW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lowe’s Companies in a research note on Wednesday, December 10th. Mizuho lowered their target price on shares of Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. JPMorgan Chase & Co. boosted their price target on Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Argus decreased their price objective on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Finally, Stifel Nicolaus lifted their price objective on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a research report on Monday, December 1st. Sixteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $276.46.

Lowe’s Companies Profile

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.