National Bank of Canada FI Increases Position in Lowe’s Companies, Inc. $LOW

by · The Markets Daily

National Bank of Canada FI increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 61.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 377,816 shares of the home improvement retailer’s stock after buying an additional 143,589 shares during the quarter. National Bank of Canada FI owned about 0.07% of Lowe’s Companies worth $83,821,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LOW. Howard Hughes Medical Institute purchased a new position in shares of Lowe’s Companies in the 2nd quarter valued at approximately $27,000. Solstein Capital LLC raised its stake in shares of Lowe’s Companies by 627.8% during 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 acquired a new stake in shares of Lowe’s Companies during the second quarter worth $30,000. Vermillion & White Wealth Management Group LLC grew its position in Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new position in Lowe’s Companies in the 2nd quarter valued at $33,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LOW. Oppenheimer reduced their target price on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Bank of America reduced their price objective on shares of Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. DA Davidson cut their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Finally, HSBC decreased their price target on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Sixteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $275.92.

Get Our Latest Stock Analysis on Lowe’s Companies

Lowe’s Companies Trading Down 0.4%

Shares of Lowe’s Companies stock opened at $247.20 on Monday. The company has a 50-day moving average of $238.74 and a two-hundred day moving average of $239.28. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $274.98. The stock has a market cap of $138.67 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW – Get Free Report) last released 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. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter in the prior year, the firm posted $2.89 EPS. The company’s revenue 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. On average, 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 company also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a $4.80 annualized dividend and a yield of 1.9%. Lowe’s Companies’s dividend payout ratio is 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.

Featured Articles

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW – Free Report).