Quent Long Short Global Small Cap Fund LP Acquires Shares of 4,954 Lowe’s Companies, Inc. $LOW

Quent Long Short Global Small Cap Fund LP acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, Holdings Channel reports. The firm acquired 4,954 shares of the home improvement retailer’s stock, valued at approximately $1,195,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. Activest Wealth Management grew its stake in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares in the last quarter. United Financial Planning Group LLC bought a new position in Lowe’s Companies during the third quarter worth about $31,000. OLD Second National Bank of Aurora increased its position in Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares during the period. Triumph Capital Management bought a new position in Lowe’s Companies during the third quarter worth about $34,000. Finally, Guerra Advisors Inc bought a new stake in Lowe’s Companies in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $246.52 on Friday. The stock has a fifty day moving average price of $249.72 and a 200-day moving average price of $249.71. Lowe’s Companies, Inc. has a fifty-two week low of $210.33 and a fifty-two week high of $293.06. The company has a market cap of $138.07 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 5.33 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last issued its quarterly 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. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the prior year, the firm posted $1.93 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 12.61 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is 40.51%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Guggenheim boosted their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Piper Sandler reissued 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. Wells Fargo & Company boosted their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. Argus boosted their price objective on shares of Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, TD Cowen cut their price objective on shares of Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating for the company in a report on Thursday, February 26th. Twenty-two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $289.24.

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.