Stevens Capital Management LP Purchases 16,007 Shares of Lowe’s Companies, Inc. $LOW

Stevens Capital Management LP lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1,021.5% in the second quarter, HoldingsChannel.com reports. The firm owned 17,574 shares of the home improvement retailer’s stock after acquiring an additional 16,007 shares during the period. Lowe’s Companies comprises 1.1% of Stevens Capital Management LP’s investment portfolio, making the stock its 24th largest holding. Stevens Capital Management LP’s holdings in Lowe’s Companies were worth $3,899,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Solstein Capital LLC raised its stake in shares of Lowe’s Companies by 627.8% in the 2nd 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 bought a new stake in Lowe’s Companies in the second quarter valued at about $30,000. Olistico Wealth LLC acquired a new position in Lowe’s Companies in the second quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC raised its position in Lowe’s Companies by 101.0% in the second quarter. Barnes Dennig Private Wealth Management LLC now owns 193 shares of the home improvement retailer’s stock worth $43,000 after purchasing an additional 97 shares in the last quarter. Finally, Vista Cima Wealth Management LLC bought a new position in Lowe’s Companies during the first quarter worth about $44,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Activity

In other Lowe’s Companies news, EVP Joseph Michael Mcfarland sold 43,810 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $272.60, for a total transaction of $11,942,606.00. Following the transaction, the executive vice president directly owned 66,566 shares in the company, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the sale, the executive vice president owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 52,931 shares of company stock valued at $14,381,752. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group decreased their price target on Lowe’s Companies from $325.00 to $316.00 and set a “buy” rating on the stock in a research note on Thursday. Telsey Advisory Group lowered their price target on Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday. Wall Street Zen raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $282.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday. Sixteen analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.41.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $234.12 on Friday. The business’s fifty day moving average is $243.31 and its two-hundred day moving average is $237.39. The firm has a market cap of $131.30 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.21 and a beta of 0.87. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $280.64.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $2.89 earnings per share. Lowe’s Companies has set its FY 2025 guidance at 12.250-12.250 EPS. On average, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders 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 2.1%. The ex-dividend date is Wednesday, January 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.80%.

Lowe’s Companies Profile

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.