Mariner LLC Purchases 10,984 Shares of Lowe’s Companies, Inc. $LOW

Mariner LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 511,215 shares of the home improvement retailer’s stock after buying an additional 10,984 shares during the quarter. Mariner LLC’s holdings in Lowe’s Companies were worth $128,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LOW. Norges Bank bought a new stake in shares of Lowe’s Companies in the 2nd quarter worth $1,773,624,000. Wellington Management Group LLP lifted its holdings in shares of Lowe’s Companies by 102.0% during the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after purchasing an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Lowe’s Companies by 207.2% during the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after buying an additional 1,388,133 shares during the last quarter. Tableaux LLC purchased a new stake in shares of Lowe’s Companies during the second quarter valued at $282,884,000. Finally, Laurel Wealth Advisors LLC increased its holdings in Lowe’s Companies by 22,167.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after buying an additional 1,027,683 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $242.30 on Tuesday. The stock’s 50-day simple moving average is $268.34 and its two-hundred day simple moving average is $254.00. The stock has a market capitalization of $135.92 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 5.16 and a beta of 0.98. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LOW shares. Telsey Advisory Group upped their target price on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Evercore reduced their price target on shares of Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Truist Financial decreased their price objective on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Sanford C. Bernstein lowered their price objective on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Finally, KGI Securities assumed coverage on shares of Lowe’s Companies in a report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Twenty-one analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $289.76.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies 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.