Canoe Financial LP Sells 31,180 Shares of Lowe’s Companies, Inc. $LOW

Canoe Financial LP decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 36.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 55,044 shares of the home improvement retailer’s stock after selling 31,180 shares during the quarter. Canoe Financial LP’s holdings in Lowe’s Companies were worth $13,274,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. Wellington Management Group LLP raised its holdings in Lowe’s Companies by 102.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after purchasing an additional 2,122,622 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after acquiring an additional 1,388,133 shares during the period. Worldquant Millennium Advisors LLC boosted its stake in Lowe’s Companies by 243.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock worth $247,817,000 after acquiring an additional 791,526 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Lowe’s Companies by 101.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after purchasing an additional 626,829 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Lowe’s Companies by 45.5% in the third quarter. Alliancebernstein L.P. now owns 1,899,114 shares of the home improvement retailer’s stock valued at $477,266,000 after purchasing an additional 593,779 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 2.5%

NYSE LOW opened at $230.07 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The stock has a 50 day moving average of $262.43 and a 200-day moving average of $252.11. The company has a market cap of $128.85 billion, a PE ratio of 19.42, a PEG ratio of 5.00 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal 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 of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.1%. Lowe’s Companies’s payout ratio is presently 40.51%.

Analysts Set New Price Targets

Several brokerages recently commented on LOW. Gordon Haskett dropped their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. TD Cowen lowered their price objective on shares of Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. The Goldman Sachs Group upped their target price on shares of Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada boosted their target price on Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $289.76.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies 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 transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

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.