Picton Mahoney Asset Management Purchases New Shares in Lowe’s Companies, Inc. $LOW

Picton Mahoney Asset Management acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,565 shares of the home improvement retailer’s stock, valued at approximately $896,000.

A number of other large investors also recently made changes to their positions in LOW. Howard Hughes Medical Institute acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth about $27,000. Activest Wealth Management lifted its position in Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares in the last quarter. Traub Capital Management LLC bought a new stake in Lowe’s Companies during the second quarter worth $30,000. Vermillion & White Wealth Management Group LLC grew its position in shares of Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. Finally, Guerra Advisors Inc bought a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s 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 completion of 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 can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LOW shares. Morgan Stanley upped their target price on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. HSBC cut their price objective on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Citigroup lifted their price target on shares of Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. lifted their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Wolfe Research reduced their price target on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $291.64.

Lowe’s Companies Stock Performance

NYSE LOW opened at $251.89 on Friday. The company has a 50-day simple moving average of $268.21 and a 200 day simple moving average of $254.63. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06. The company has a market capitalization of $141.30 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 5.53 and a beta of 0.98.

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

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.