Lowe’s Companies, Inc. $LOW Shares Bought by Caxton Associates LLP

Caxton Associates LLP grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 149.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 7,341 shares of the home improvement retailer’s stock after purchasing an additional 4,402 shares during the quarter. Caxton Associates LLP’s holdings in Lowe’s Companies were worth $1,629,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Lowe’s Companies in the second quarter worth $1,773,624,000. Tableaux LLC acquired a new position in Lowe’s Companies during the 2nd quarter worth $282,884,000. Laurel Wealth Advisors LLC increased its holdings in Lowe’s Companies by 22,167.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after purchasing an additional 1,027,683 shares during the period. Worldquant Millennium Advisors LLC raised its position in Lowe’s Companies by 243.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after purchasing an additional 791,526 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Lowe’s Companies by 49.0% in the 1st quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer’s stock valued at $438,751,000 after buying an additional 618,775 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $230.00 to $250.00 and gave the stock a “hold” rating in a research note on Monday, December 1st. Argus reduced their price objective on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a report on Tuesday, December 2nd. Royal Bank Of Canada lowered their target price on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research note on Thursday, November 20th. Barclays set a $267.00 target price on Lowe’s Companies in a report on Thursday, August 21st. Finally, Sanford C. Bernstein lifted their price target on Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Sixteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $275.92.

Lowe’s Companies Price Performance

LOW stock opened at $249.25 on Tuesday. The company’s 50 day simple moving average is $238.90 and its 200-day simple moving average is $239.45. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $274.98. The firm has a market capitalization of $139.82 billion, a PE ratio of 20.67, a P/E/G ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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 firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.Lowe’s Companies’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s payout ratio is presently 39.80%.

Lowe’s Companies Company 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.