Advisory Services Network LLC Has $10.37 Million Stake in Lowe’s Companies, Inc. $LOW

Advisory Services Network LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,372 shares of the home improvement retailer’s stock after acquiring an additional 7,473 shares during the quarter. Advisory Services Network LLC’s holdings in Lowe’s Companies were worth $10,367,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Waterloo Capital L.P. increased its position in shares of Lowe’s Companies by 1.2% during the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after purchasing an additional 41 shares during the last quarter. Vertex Planning Partners LLC increased its position in shares of Lowe’s Companies by 2.9% in the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after purchasing an additional 44 shares during the last quarter. Operose Advisors LLC lifted its position in Lowe’s Companies by 1.4% during the second quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock valued at $739,000 after purchasing an additional 45 shares during the last quarter. Quadcap Wealth Management LLC grew its stake in Lowe’s Companies by 0.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock worth $2,189,000 after buying an additional 46 shares in the last quarter. Finally, Appleton Partners Inc. MA grew its stake in Lowe’s Companies by 1.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock worth $713,000 after buying an additional 47 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Down 0.4%

Shares of LOW stock opened at $247.20 on Monday. The stock has a fifty day moving average of $238.74 and a 200 day moving average of $239.28. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $274.98. The firm has a market capitalization of $138.67 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter in the previous year, the company earned $2.89 earnings per share. Lowe’s Companies’s quarterly revenue 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. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be paid a $1.20 dividend. 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 dividend payout ratio (DPR) is presently 39.80%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Robert W. Baird reduced their price objective on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. UBS Group cut their target price on 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. Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada lowered their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a report on Thursday, November 20th. Sixteen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.92.

Lowe’s Companies Profile

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.