Oak Thistle LLC Increases Position in Lowe’s Companies, Inc. $LOW

Oak Thistle LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 176.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,762 shares of the home improvement retailer’s stock after acquiring an additional 4,953 shares during the period. Oak Thistle LLC’s holdings in Lowe’s Companies were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Moody National Bank Trust Division increased its holdings in shares of Lowe’s Companies by 3.6% in the third quarter. Moody National Bank Trust Division now owns 9,411 shares of the home improvement retailer’s stock valued at $2,365,000 after purchasing an additional 328 shares during the period. Gradient Investments LLC boosted its position in Lowe’s Companies by 7.2% in the third quarter. Gradient Investments LLC now owns 146,984 shares of the home improvement retailer’s stock valued at $36,939,000 after buying an additional 9,930 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its holdings in Lowe’s Companies by 76.2% in the 3rd quarter. AssuredPartners Investment Advisors LLC now owns 2,919 shares of the home improvement retailer’s stock worth $734,000 after buying an additional 1,262 shares during the period. TruWealth Advisors LLC increased its holdings in Lowe’s Companies by 2.7% in the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after buying an additional 42 shares during the period. Finally, Venture Visionary Partners LLC raised its position in Lowe’s Companies by 3.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 33,864 shares of the home improvement retailer’s stock worth $8,510,000 after buying an additional 1,189 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW opened at $247.99 on Thursday. The company has a fifty day moving average of $239.25 and a two-hundred day moving average of $239.66. The stock has a market capitalization of $139.11 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 4.09 and a beta of 0.96. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $274.98.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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 business had revenue of $20.81 billion for the quarter, compared to analyst estimates of $20.88 billion. During the same period in the prior year, the company posted $2.89 EPS. The company’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. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm 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 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Analysts Set New Price Targets

LOW has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on shares of Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a report on Monday, December 1st. Royal Bank Of Canada decreased 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 report on Thursday, November 20th. Wall Street Zen raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 21st. Finally, TD Cowen decreased their price objective 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. Sixteen investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $276.46.

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.