Stance Capital LLC Lowers Stock Holdings in Lowe’s Companies, Inc. $LOW

Stance Capital LLC cut its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 84.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,521 shares of the home improvement retailer’s stock after selling 13,801 shares during the period. Stance Capital LLC’s holdings in Lowe’s Companies were worth $559,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LOW. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies in the second quarter valued at $27,000. Solstein Capital LLC grew its holdings in Lowe’s Companies by 627.8% in the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares during the period. Traub Capital Management LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC lifted its holdings 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 acquiring an additional 76 shares during the period. Finally, Olistico Wealth LLC acquired a new stake in shares of Lowe’s Companies in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock opened at $247.20 on Monday. The firm has a market cap of $138.67 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 4.10 and a beta of 0.96. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98. The stock has a 50-day simple moving average of $238.74 and a 200-day simple moving average of $239.28.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, equities research analysts predict 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 given 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 presently 39.80%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Telsey Advisory Group dropped their price target on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Barclays set a $267.00 price objective on Lowe’s Companies in a report on Thursday, August 21st. KeyCorp lifted their target price on Lowe’s Companies from $266.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Robert W. Baird dropped their price target on Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, JPMorgan Chase & Co. raised their price objective on Lowe’s Companies from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Sixteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $275.92.

Lowe’s Companies Company Profile

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.