Vinva Investment Management Ltd Purchases 3,260 Shares of Lowe’s Companies, Inc. $LOW

Vinva Investment Management Ltd raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 39,778 shares of the home improvement retailer’s stock after acquiring an additional 3,260 shares during the period. Vinva Investment Management Ltd’s holdings in Lowe’s Companies were worth $10,077,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LOW. Howard Hughes Medical Institute purchased a new stake in shares of Lowe’s Companies in the 2nd quarter valued at about $27,000. Activest Wealth Management grew its holdings in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies in the second quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its position in shares of Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new stake in Lowe’s Companies in the third quarter valued at approximately $35,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $251.89 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $293.06. The stock has a 50 day moving average price of $268.21 and a two-hundred day moving average price of $254.60. The company has a market capitalization of $141.30 billion, a P/E ratio of 21.26, a PEG ratio of 5.47 and a beta of 0.98.

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

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the company’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 transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $300.00 price target (up from $294.00) on shares of Lowe’s Companies in a research note on Thursday, February 26th. Royal Bank Of Canada raised their price objective on shares of Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. UBS Group dropped their price objective on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, February 26th. TD Cowen cut their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $291.00.

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.