Lowe’s Companies, Inc. $LOW Stake Decreased by Coho Partners Ltd.

Coho Partners Ltd. decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 42.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 136,002 shares of the home improvement retailer’s stock after selling 101,045 shares during the quarter. Lowe’s Companies comprises about 4.4% of Coho Partners Ltd.’s investment portfolio, making the stock its 5th biggest holding. Coho Partners Ltd.’s holdings in Lowe’s Companies were worth $34,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth $1,773,624,000. Tableaux LLC acquired a new stake in shares of Lowe’s Companies in the second quarter valued at about $282,884,000. Laurel Wealth Advisors LLC boosted its holdings 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 buying an additional 1,027,683 shares in the last quarter. Worldquant Millennium Advisors LLC grew 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 buying an additional 791,526 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Lowe’s Companies by 26.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,358,118 shares of the home improvement retailer’s stock worth $523,196,000 after buying an additional 491,005 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. Oppenheimer reduced their price target on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Wolfe Research dropped their price objective on 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. Wells Fargo & Company decreased their target price on 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. HSBC lowered their target price on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Finally, Truist Financial set a $269.00 price target on Lowe’s Companies in a research note on Wednesday, December 17th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $276.80.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $242.42 on Tuesday. The stock has a fifty day moving average of $239.85 and a two-hundred day moving average of $240.08. The company has a market capitalization of $135.99 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 3.99 and a beta of 0.96. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $274.98.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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. The business had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company 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. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.80%.

Lowe’s Companies 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.