Lowe’s Companies, Inc. $LOW Shares Sold by Clarius Group LLC

Clarius Group LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 55.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,039 shares of the home improvement retailer’s stock after selling 2,496 shares during the period. Clarius Group LLC’s holdings in Lowe’s Companies were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock valued at $12,197,604,000 after purchasing an additional 366,977 shares during the period. State Street Corp lifted its stake in Lowe’s Companies by 0.8% in the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after buying an additional 207,826 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 0.3% in the second quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after acquiring an additional 42,190 shares during the period. Norges Bank acquired a new stake in shares of Lowe’s Companies in the second quarter valued at approximately $1,773,624,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Lowe’s Companies by 1.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,536,122 shares of the home improvement retailer’s stock worth $784,559,000 after acquiring an additional 34,382 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.8%

Shares of NYSE:LOW opened at $242.42 on Tuesday. 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 $239.85 and a 200 day moving average price of $240.08. The company has a market cap of $135.99 billion, a P/E ratio of 20.10, a PEG ratio of 3.99 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. The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.89 EPS. 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 Dividend Announcement

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 2.0%. 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 brokerages recently weighed in on LOW. DA Davidson decreased their price target 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. Argus decreased their target price on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Jefferies Financial Group raised their price target on Lowe’s Companies from $280.00 to $285.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research reduced their price objective on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, November 24th. Finally, Royal Bank Of Canada decreased their price objective on Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research report on Thursday, November 20th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $276.80.

Lowe’s Companies Company 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.