Lowe’s Companies, Inc. $LOW Shares Purchased by National Bank of Canada FI

National Bank of Canada FI grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 61.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 377,816 shares of the home improvement retailer’s stock after buying an additional 143,589 shares during the period. National Bank of Canada FI’s holdings in Lowe’s Companies were worth $83,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LOW. Waterloo Capital L.P. increased its position in Lowe’s Companies by 1.2% during the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after purchasing an additional 41 shares in the last quarter. Vertex Planning Partners LLC boosted its stake in shares of Lowe’s Companies by 2.9% during the 1st quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer’s stock worth $369,000 after purchasing an additional 44 shares during the last quarter. Operose Advisors LLC grew its holdings in shares of Lowe’s Companies by 1.4% during the second quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock worth $739,000 after buying an additional 45 shares in the last quarter. Quadcap Wealth Management LLC raised its position in shares of Lowe’s Companies by 0.5% in the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer’s stock valued at $2,189,000 after buying an additional 46 shares during the last quarter. Finally, Appleton Partners Inc. MA raised its position in shares of Lowe’s Companies by 1.5% in the second quarter. Appleton Partners Inc. MA now owns 3,214 shares of the home improvement retailer’s stock valued at $713,000 after buying an additional 47 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LOW shares. TD Cowen decreased their target price on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating on the stock in a research report on Friday, November 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Lowe’s Companies in a research note on Wednesday. Evercore ISI reaffirmed a “positive” rating on shares of Lowe’s Companies in a research report on Thursday, November 20th. Mizuho decreased their price target on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Stifel Nicolaus lifted their price target on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a report on Monday, December 1st. Sixteen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $275.92.

Lowe’s Companies Stock Performance

NYSE LOW opened at $247.20 on Monday. The firm has a market capitalization of $138.67 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 4.10 and a beta of 0.96. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $274.98. The company’s 50 day moving average price is $238.74 and its 200 day moving average price is $239.28.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. Lowe’s Companies’s revenue for the quarter was up 3.2% on a year-over-year basis. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

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.