Alliancebernstein L.P. Has $276.09 Million Stock Holdings in Lowe's Companies, Inc. $LOW

Key Points

• AllianceBernstein L.P. increased its stake in Lowe's Companies by 4.0%, acquiring an additional 45,283 shares, bringing its total holdings to approximately 1.18 million shares valued at around $276 million.
• Lowe's reported earnings per share of $4.33 for the quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.012 with a yield of 0.0%.
• Insider activity includes CEO Marvin R. Ellison selling 40,000 shares valued at over $10 million, reducing his ownership of the stock by 13.84%.

Alliancebernstein L.P. raised its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,183,745 shares of the home improvement retailer's stock after purchasing an additional 45,283 shares during the period. Alliancebernstein L.P. owned approximately 0.21% of Lowe's Companies worth $276,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Lowe's Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its stake in Lowe's Companies by 31.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock worth $266,000 after purchasing an additional 259 shares in the last quarter. Bosun Asset Management LLC raised its holdings in Lowe's Companies by 16.3% during the 4th quarter. Bosun Asset Management LLC now owns 1,425 shares of the home improvement retailer's stock worth $352,000 after buying an additional 200 shares during the period. BOKF NA lifted its stake in Lowe's Companies by 3.8% in the fourth quarter. BOKF NA now owns 30,575 shares of the home improvement retailer's stock valued at $7,580,000 after buying an additional 1,123 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Lowe's Companies by 3.9% in the fourth quarter. Cetera Investment Advisers now owns 239,946 shares of the home improvement retailer's stock valued at $59,219,000 after buying an additional 8,962 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of Lowe's Companies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total value of $238,938.80. Following the completion of the sale, the executive vice president owned 30,099 shares in the company, valued at $7,741,462.80. The trade was a 2.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brandon J. Sink sold 8,192 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $268.58, for a total transaction of $2,200,207.36. Following the completion of the sale, the executive vice president directly owned 21,603 shares of the company's stock, valued at $5,802,133.74. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,121 shares of company stock valued at $13,003,146 in the last ninety days. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Lowe's Companies from $260.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Gordon Haskett upgraded Lowe's Companies to a "hold" rating in a report on Wednesday, August 13th. Sanford C. Bernstein boosted their price target on Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Royal Bank Of Canada raised their price target on shares of Lowe's Companies from $243.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 21st. Finally, Piper Sandler lifted their price objective on shares of Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $284.13.

Lowe's Companies Price Performance

LOW stock traded down $5.40 during trading hours on Tuesday, reaching $267.63. The stock had a trading volume of 1,192,332 shares, compared to its average volume of 2,711,889. The stock has a 50-day simple moving average of $239.88 and a 200 day simple moving average of $230.87. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $287.01. The stock has a market capitalization of $150.09 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 2.50 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.24 by $0.09. Lowe's Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The company had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same period in the prior year, the firm earned $4.10 EPS. Lowe's Companies's quarterly revenue was up 1.6% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 22nd will be paid a $0.012 dividend. The ex-dividend date is Wednesday, October 22nd. This represents a $0.05 annualized dividend and a yield of 0.0%. Lowe's Companies's payout ratio is 39.44%.

About Lowe's Companies

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.