Orion Porfolio Solutions LLC Has $16.30 Million Stake in Lowe’s Companies, Inc. $LOW

Orion Porfolio Solutions LLC cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 11.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 64,876 shares of the home improvement retailer’s stock after selling 8,034 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Lowe’s Companies were worth $16,304,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LOW. Vanguard Group Inc. grew its holdings in Lowe’s Companies by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock worth $13,898,992,000 after acquiring an additional 329,807 shares during the period. State Street Corp lifted its stake in shares of Lowe’s Companies by 0.8% in the 2nd quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after purchasing an additional 207,826 shares during the period. Geode Capital Management LLC boosted its position in shares of Lowe’s Companies by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after purchasing an additional 42,190 shares in the last quarter. Norges Bank acquired a new stake in Lowe’s Companies during the second quarter worth approximately $1,773,624,000. Finally, Bank of New York Mellon Corp grew its stake in Lowe’s Companies by 12.1% during the third quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock worth $1,079,320,000 after purchasing an additional 463,012 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LOW. Mizuho boosted their price target on Lowe’s Companies from $272.00 to $294.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Argus dropped their target price on shares of Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, December 2nd. DA Davidson reissued a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, February 26th. UBS Group decreased their price target on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Barclays upgraded shares of Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective on the stock in a report on Wednesday, January 7th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $291.64.

Insiders Place Their Bets

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

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $254.52 on Friday. The company has a market capitalization of $142.77 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 5.62 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. The company has a 50-day simple moving average of $268.06 and a two-hundred day simple moving average of $254.62.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. The firm had revenue of $20.58 billion for the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Company 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.