Lowe’s Companies, Inc. $LOW is Ghe LLC’s 10th Largest Position

Ghe LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.7% during the second quarter, Holdings Channel reports. The firm owned 19,789 shares of the home improvement retailer’s stock after selling 3,696 shares during the quarter. Lowe’s Companies comprises approximately 2.0% of Ghe LLC’s holdings, making the stock its 10th biggest position. Ghe LLC’s holdings in Lowe’s Companies were worth $4,391,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth $1,773,624,000. Tableaux LLC purchased a new position in Lowe’s Companies during the 2nd quarter valued at about $282,884,000. Laurel Wealth Advisors LLC raised its position in Lowe’s Companies by 22,167.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after acquiring an additional 1,027,683 shares during the last quarter. Worldquant Millennium Advisors LLC raised its position in Lowe’s Companies by 243.2% during the second 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. Finally, Wellington Management Group LLP lifted its holdings in shares of Lowe’s Companies by 49.0% in the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after purchasing an additional 618,775 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LOW. Guggenheim reissued a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. KeyCorp raised their price target on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Argus reduced their price objective on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. TD Cowen dropped their price objective on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Finally, Wolfe Research cut their target price on shares of 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. Sixteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.92.

Lowe’s Companies Trading Down 0.4%

NYSE LOW opened at $247.20 on Monday. The business’s 50-day moving average price is $238.74 and its 200 day moving average price is $239.28. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $274.98. The company has a market capitalization of $138.67 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

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.