Sovran Advisors LLC Trims Holdings in Lowe’s Companies, Inc. $LOW

Sovran Advisors LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 37.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,343 shares of the home improvement retailer’s stock after selling 2,580 shares during the period. Sovran Advisors LLC’s holdings in Lowe’s Companies were worth $1,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. TruWealth Advisors LLC raised its position in shares of Lowe’s Companies by 2.7% in the third quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after buying an additional 42 shares during the last quarter. Cypress Wealth Services LLC boosted its position in Lowe’s Companies by 2.0% during the third quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock worth $551,000 after acquiring an additional 42 shares during the last quarter. Hidden Cove Wealth Management LLC grew its stake in Lowe’s Companies by 4.6% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after acquiring an additional 42 shares during the period. First Pacific Financial grew its stake in Lowe’s Companies by 1.7% in the 4th quarter. First Pacific Financial now owns 2,544 shares of the home improvement retailer’s stock worth $613,000 after acquiring an additional 42 shares during the period. Finally, Bernard Wealth Management Corp. raised its holdings in Lowe’s Companies by 1.0% in the 4th quarter. Bernard Wealth Management Corp. now owns 4,335 shares of the home improvement retailer’s stock valued at $1,045,000 after acquiring an additional 43 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LOW. Truist Financial decreased their price objective on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. JPMorgan Chase & Co. upped their target price on Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Morgan Stanley increased their target price on Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Jefferies Financial Group reissued a “buy” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 25th. Finally, Robert W. Baird lifted their price target on Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $289.24.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $231.44 on Monday. The stock has a 50-day simple moving average of $258.28 and a 200-day simple moving average of $250.68. The stock has a market capitalization of $129.62 billion, a P/E ratio of 19.53, a PEG ratio of 5.02 and a beta of 0.97. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The firm had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. Lowe’s Companies’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is presently 40.51%.

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.