Lowe’s Companies, Inc. $LOW Stock Holdings Increased by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 123.7% in the 3rd quarter, Holdings Channel reports. The firm owned 63,025 shares of the home improvement retailer’s stock after buying an additional 34,855 shares during the period. Franklin Street Advisors Inc. NC’s holdings in Lowe’s Companies were worth $15,839,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LOW. Waterloo Capital L.P. increased its holdings in shares of Lowe’s Companies by 1.2% in the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after buying an additional 41 shares in the last quarter. TruWealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 42 shares during the last quarter. Operose Advisors LLC raised its position in shares of Lowe’s Companies by 1.4% during the second quarter. Operose Advisors LLC now owns 3,331 shares of the home improvement retailer’s stock worth $739,000 after purchasing an additional 45 shares during the period. Watts Gwilliam & Co. LLC lifted its holdings in shares of Lowe’s Companies by 4.3% during the second quarter. Watts Gwilliam & Co. LLC now owns 1,094 shares of the home improvement retailer’s stock valued at $243,000 after purchasing an additional 45 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of Lowe’s Companies by 2.0% in the 3rd quarter. Harbour Capital Advisors LLC now owns 2,280 shares of the home improvement retailer’s stock valued at $547,000 after purchasing an additional 45 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LOW. Telsey Advisory Group cut their price objective on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Weiss Ratings restated a “hold (c)” rating on shares of Lowe’s Companies in a report on Wednesday, December 10th. Truist Financial set a $269.00 price target on shares of Lowe’s Companies in a research report on Wednesday. Argus decreased their price objective on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating for the company in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company cut their target price on shares of Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.46.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $240.72 on Friday. The firm has a market cap of $135.03 billion, a PE ratio of 19.96, a P/E/G ratio of 4.11 and a beta of 0.96. The firm’s 50 day moving average price is $239.68 and its two-hundred day moving average price is $239.82. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $274.98.

Lowe’s Companies (NYSE:LOW) last issued its earnings results 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. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. During the same quarter last year, the business 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. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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 paid a $1.20 dividend. The ex-dividend date is Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. Lowe’s Companies’s payout ratio is 39.80%.

About Lowe’s Companies

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.