Andra AP fonden Acquires 86,600 Shares of Lowe’s Companies, Inc. $LOW

Andra AP fonden increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 57.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 238,200 shares of the home improvement retailer’s stock after buying an additional 86,600 shares during the period. Lowe’s Companies makes up 0.7% of Andra AP fonden’s holdings, making the stock its 20th biggest holding. Andra AP fonden’s holdings in Lowe’s Companies were worth $52,849,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LOW. Vanguard Group Inc. lifted its position in shares of Lowe’s Companies by 0.4% during the first quarter. Vanguard Group Inc. now owns 54,609,378 shares of the home improvement retailer’s stock worth $12,736,545,000 after purchasing an additional 230,359 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Lowe’s Companies by 10.6% in the first quarter. Invesco Ltd. now owns 5,207,081 shares of the home improvement retailer’s stock valued at $1,214,448,000 after purchasing an additional 501,154 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Lowe’s Companies by 6.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,111,747 shares of the home improvement retailer’s stock worth $1,192,213,000 after purchasing an additional 330,701 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Lowe’s Companies by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,779,120 shares of the home improvement retailer’s stock worth $881,406,000 after buying an additional 225,964 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Lowe’s Companies by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,501,740 shares of the home improvement retailer’s stock worth $816,711,000 after buying an additional 42,676 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president owned 66,566 shares in the company, valued at $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 92,931 shares of company stock worth $24,945,752 over the last quarter. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 1.4%

Shares of LOW opened at $234.42 on Thursday. The stock has a market cap of $131.47 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $280.64. The stock’s 50-day moving average price is $251.69 and its two-hundred day moving average price is $236.76.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.09. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company had revenue of $23.96 billion during the quarter, compared to analysts’ expectations of $23.99 billion. During the same period in the prior year, the business posted $4.10 EPS. Lowe’s Companies’s revenue was up 1.6% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, October 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is currently 39.44%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LOW shares. Wolfe Research started coverage on Lowe’s Companies in a research report on Wednesday, September 17th. They set an “outperform” rating for the company. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Robert W. Baird upped their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 21st. Finally, DA Davidson boosted their price target on shares of Lowe’s Companies from $240.00 to $266.00 and gave the stock a “neutral” rating in a research note on Thursday, August 21st. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $282.59.

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.