Coppell Advisory Solutions LLC Makes New Investment in Lowe’s Companies, Inc. $LOW

Coppell Advisory Solutions LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the second quarter, Holdings Channel reports. The firm purchased 2,518 shares of the home improvement retailer’s stock, valued at approximately $563,000.

Several other institutional investors have also modified their holdings of LOW. SeaBridge Investment Advisors LLC increased its holdings in shares of Lowe’s Companies by 3.7% in the second quarter. SeaBridge Investment Advisors LLC now owns 12,888 shares of the home improvement retailer’s stock valued at $2,859,000 after purchasing an additional 465 shares during the period. QRG Capital Management Inc. grew its position in Lowe’s Companies by 2.6% in the 2nd quarter. QRG Capital Management Inc. now owns 154,692 shares of the home improvement retailer’s stock valued at $34,322,000 after buying an additional 3,947 shares during the last quarter. Strathmore Capital Advisors Inc. acquired a new position in Lowe’s Companies in the 2nd quarter valued at $2,717,000. First Pacific Financial raised its position in Lowe’s Companies by 147.3% during the 2nd quarter. First Pacific Financial now owns 2,752 shares of the home improvement retailer’s stock worth $611,000 after buying an additional 1,639 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in Lowe’s Companies by 0.7% during the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock worth $183,344,000 after purchasing an additional 5,820 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.4%

LOW opened at $247.20 on Monday. The firm has a market cap of $138.67 billion, a P/E ratio of 20.50, a PEG ratio of 4.10 and a beta of 0.96. The business’s fifty day simple moving average is $238.74 and its 200 day simple moving average is $239.28. 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 released its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $20.88 billion. During the same period in the prior year, the firm earned $2.89 EPS. The firm’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. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Piper Sandler boosted their target price on Lowe’s Companies from $269.00 to $294.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. HSBC reduced their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a report on Friday, November 21st. Bank of America cut their price target on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Robert W. Baird decreased their price objective on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, KeyCorp upped their target price on shares of Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $275.92.

About Lowe’s Companies

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.