Lowe’s Companies, Inc. $LOW Stock Holdings Increased by Prana Capital Management LP

Prana Capital Management LP grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 58.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 286,379 shares of the home improvement retailer’s stock after acquiring an additional 105,131 shares during the quarter. Lowe’s Companies comprises approximately 2.4% of Prana Capital Management LP’s holdings, making the stock its 15th largest position. Prana Capital Management LP owned approximately 0.05% of Lowe’s Companies worth $71,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Maj Invest Holding A S grew its position in Lowe’s Companies by 15.7% in the 3rd quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock valued at $201,801,000 after buying an additional 108,813 shares in the last quarter. Bridges Investment Management Inc. increased its stake in Lowe’s Companies by 13.4% during the 3rd quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock valued at $105,759,000 after buying an additional 49,858 shares during the period. Facet Wealth Inc. bought a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $558,000. Prudential Financial Inc. raised its position in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock worth $183,344,000 after buying an additional 5,820 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of Lowe’s Companies by 2.7% in the 3rd quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock worth $323,381,000 after acquiring an additional 33,686 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $239.82 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The firm has a market cap of $134.53 billion, a PE ratio of 20.24, a P/E/G ratio of 5.26 and a beta of 0.98. The firm has a 50 day simple moving average of $268.21 and a 200 day simple moving average of $253.87.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Ratings Changes

LOW has been the subject of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $300.00 price objective (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. Barclays upgraded Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price for the company in a research report on Wednesday, January 7th. KGI Securities initiated coverage on Lowe’s Companies in a research note on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a research report on Monday, December 29th. Finally, HSBC cut their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a report on Friday, November 21st. Twenty-one investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $289.76.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.