7,849 Shares in Lowe’s Companies, Inc. $LOW Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,849 shares of the home improvement retailer’s stock, valued at approximately $1,741,000.

Several other hedge funds have also bought and sold shares of LOW. Solstein Capital LLC increased its holdings in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC purchased a new position in Lowe’s Companies during the 2nd quarter valued at approximately $30,000. Olistico Wealth LLC bought a new stake in Lowe’s Companies in the 2nd quarter worth approximately $33,000. Barnes Dennig Private Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 101.0% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after acquiring an additional 97 shares in the last quarter. Finally, Orion Capital Management LLC boosted its position in shares of Lowe’s Companies by 34.2% during the 1st quarter. Orion Capital Management LLC now owns 196 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.5%

Shares of NYSE:LOW opened at $241.74 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $280.64. The company has a market capitalization of $135.57 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.21 and a beta of 0.87. The firm’s 50-day moving average is $240.73 and its 200 day moving average is $237.79.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The business had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. During the same quarter in the previous year, the business earned $2.89 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. As a group, equities analysts forecast 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. Shareholders of record on Wednesday, January 21st will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is 39.80%.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Brandon J. Sink sold 8,192 shares of Lowe’s Companies stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president owned 21,603 shares in the company, valued at $5,802,133.74. This trade represents a 27.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph Michael Mcfarland sold 43,810 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares of the company’s stock, valued at approximately $18,145,891.60. This trade represents a 39.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.27% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LOW has been the topic of several research reports. Royal Bank Of Canada reduced their price target on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Barclays set a $267.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 21st. Evercore ISI reiterated a “positive” rating on shares of Lowe’s Companies in a research report on Thursday, November 20th. Finally, Wolfe Research decreased their price objective on Lowe’s Companies from $308.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday. Sixteen 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.79.

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.