SevenBridge Financial Group LLC Increases Stake in Lowe’s Companies, Inc. $LOW

SevenBridge Financial Group LLC increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 34.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,797 shares of the home improvement retailer’s stock after buying an additional 3,287 shares during the period. SevenBridge Financial Group LLC’s holdings in Lowe’s Companies were worth $3,134,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new stake in shares of Lowe’s Companies in the 2nd quarter valued at $27,000. Solstein Capital LLC raised its stake in Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. Traub Capital Management LLC purchased a new stake in Lowe’s Companies during the 2nd quarter worth about $30,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 76 shares during the last quarter. Finally, Olistico Wealth LLC acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth about $33,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LOW. KeyCorp raised their target price on Lowe’s Companies from $266.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. UBS Group cut their price objective on shares of Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Royal Bank Of Canada dropped their target price on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 20th. DA Davidson decreased their price objective on shares of Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Finally, Wall Street Zen upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Sixteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $275.92.

Lowe’s Companies Stock Performance

NYSE LOW opened at $247.20 on Monday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $274.98. The firm has a market cap of $138.67 billion, a PE ratio of 20.50, a P/E/G ratio of 4.10 and a beta of 0.96. The firm’s fifty day moving average is $238.74 and its two-hundred day moving average is $239.28.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The firm had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same quarter in the previous year, the firm posted $2.89 EPS. The firm’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. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Investors of record on Wednesday, January 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 39.80%.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.