Lowe’s Companies, Inc. $LOW Position Increased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 123.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 63,025 shares of the home improvement retailer’s stock after buying an additional 34,855 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Lowe’s Companies were worth $15,839,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Waterloo Capital L.P. lifted its holdings in Lowe’s Companies by 1.2% in the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after acquiring an additional 41 shares during the last quarter. TruWealth Advisors LLC raised its position in shares of Lowe’s Companies by 2.7% during the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after purchasing an additional 42 shares during the period. Operose Advisors LLC lifted its holdings in shares of Lowe’s Companies by 1.4% in the 2nd quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock worth $739,000 after purchasing an additional 45 shares during the last quarter. Watts Gwilliam & Co. LLC boosted its position in Lowe’s Companies by 4.3% during the 2nd quarter. Watts Gwilliam & Co. LLC now owns 1,094 shares of the home improvement retailer’s stock valued at $243,000 after purchasing an additional 45 shares during the period. Finally, Harbour Capital Advisors LLC boosted its position in Lowe’s Companies by 2.0% during the 3rd quarter. Harbour Capital Advisors LLC now owns 2,280 shares of the home improvement retailer’s stock valued at $547,000 after purchasing an additional 45 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 2.8%

Lowe’s Companies stock opened at $240.72 on Friday. The stock has a market cap of $135.03 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 4.11 and a beta of 0.96. The company’s 50-day moving average price is $239.68 and its two-hundred day moving average price is $239.82. 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 issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.89 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LOW shares. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Evercore ISI reaffirmed a “positive” rating on shares of Lowe’s Companies in a report on Thursday, November 20th. Wolfe Research cut their price objective on shares of Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Finally, DA Davidson cut their price target on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $276.46.

Lowe’s Companies Company 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.