Yousif Capital Management LLC Decreases Stake in Lowe’s Companies, Inc. $LOW

Yousif Capital Management LLC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 102,275 shares of the home improvement retailer’s stock after selling 3,902 shares during the period. Yousif Capital Management LLC’s holdings in Lowe’s Companies were worth $25,703,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Howard Hughes Medical Institute purchased a new position in shares of Lowe’s Companies in the second quarter worth $27,000. Solstein Capital LLC increased its position in shares of 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 acquiring an additional 113 shares during the period. Traub Capital Management LLC purchased a new position in Lowe’s Companies during the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 76 shares during the period. Finally, Olistico Wealth LLC bought a new position in Lowe’s Companies in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.8%

Shares of LOW stock opened at $242.42 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $274.98. The stock’s 50-day moving average price is $239.85 and its 200-day moving average price is $240.08. The stock has a market capitalization of $135.99 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 3.99 and a beta of 0.96.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping 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 business had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. During the same period in the prior year, the firm earned $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. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 21st will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, January 21st. Lowe’s Companies’s payout ratio is presently 39.80%.

Analysts Set New Price Targets

LOW has been the subject of several research reports. Wells Fargo & Company decreased their target price on Lowe’s Companies from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. TD Cowen decreased their target price on shares of Lowe’s Companies from $275.00 to $250.00 and set a “hold” rating for the company in a report on Friday, November 21st. UBS Group dropped their price objective on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Wall Street Zen upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Oppenheimer cut their price target on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Seventeen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $276.80.

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.