Treasurer of the State of North Carolina Has $58.09 Million Holdings in Lowe’s Companies, Inc. $LOW

by · The Cerbat Gem

Treasurer of the State of North Carolina increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,820 shares of the home improvement retailer’s stock after purchasing an additional 3,123 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Lowe’s Companies were worth $58,090,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth about $27,000. Solstein Capital LLC boosted its position in Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares during the last quarter. Traub Capital Management LLC bought a new position in Lowe’s Companies in the second quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares during the last quarter. Finally, Olistico Wealth LLC bought a new stake in shares of Lowe’s Companies during the 2nd quarter worth approximately $33,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LOW. Telsey Advisory Group decreased their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Truist Financial lowered their price objective on shares of Lowe’s Companies from $267.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Royal Bank Of Canada cut their target price on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research note on Thursday, November 20th. TD Cowen reduced their price target on Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a report on Friday, November 21st. Finally, Piper Sandler upped their price objective on Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Sixteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $275.92.

Read Our Latest Research Report on LOW

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $248.08 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $274.98. The company has a market capitalization of $139.16 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 4.08 and a beta of 0.96. The company has a 50-day simple moving average of $238.73 and a 200 day simple moving average of $238.90.

Lowe’s Companies (NYSE:LOW – Get Free Report) last issued 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 firm had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same period last year, the business posted $2.89 earnings per share. The business’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. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio is currently 39.80%.

Lowe’s Companies Company Profile

(Free Report)

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.

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