Neo Ivy Capital Management Takes Position in Lowe’s Companies, Inc. $LOW

Neo Ivy Capital Management acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 6,300 shares of the home improvement retailer’s stock, valued at approximately $1,583,000.

A number of other hedge funds have also recently made changes to their positions in LOW. Orleans Capital Management Corp LA acquired a new stake in Lowe’s Companies in the 3rd quarter valued at approximately $220,000. Foster Dykema Cabot & Partners LLC raised its position in Lowe’s Companies by 2.7% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 86,844 shares of the home improvement retailer’s stock valued at $21,826,000 after purchasing an additional 2,260 shares during the period. Ironsides Asset Advisors LLC lifted its stake in Lowe’s Companies by 4.6% during the third quarter. Ironsides Asset Advisors LLC now owns 449,140 shares of the home improvement retailer’s stock worth $112,873,000 after purchasing an additional 19,757 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Lowe’s Companies by 2.8% during the third quarter. Gamco Investors INC. ET AL now owns 3,538 shares of the home improvement retailer’s stock worth $889,000 after purchasing an additional 95 shares in the last quarter. Finally, Foresight Global Investors Inc. purchased a new position in shares of Lowe’s Companies during the third quarter worth $288,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $251.89 on Friday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The firm 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. The business’s fifty day moving average price is $268.21 and its 200 day moving average price is $254.63.

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

Insiders Place Their Bets

In related news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares in the company, valued at $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 available through the SEC website. 0.27% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LOW. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday, December 29th. Wells Fargo & Company raised their target price on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, February 26th. The Goldman Sachs Group lifted their target price on Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Piper Sandler reiterated an “overweight” rating and set a $300.00 price target (up from $294.00) on shares of Lowe’s Companies in a research note on Thursday, February 26th. Finally, Wolfe Research reduced their price target on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $291.64.

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.