Counterpoint Mutual Funds LLC Takes $294,000 Position in Lowe's Companies, Inc. $LOW

Key Points

• Counterpoint Mutual Funds LLC has acquired a new position in Lowe's Companies, purchasing 1,323 shares valued at approximately $294,000 during the second quarter.
• Lowe's reported a 4.33 EPS in its latest quarterly earnings, exceeding the consensus estimate and showing a revenue increase of 1.6% compared to last year.
• The company has recently set a dividend of $0.012 per share, indicating a 0.0% yield, and disclosed its fiscal 2025 guidance at 12.200-12.450 EPS.

Counterpoint Mutual Funds LLC purchased a new stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,323 shares of the home improvement retailer's stock, valued at approximately $294,000.

Several other hedge funds and other institutional investors also recently modified their holdings of LOW. Nuveen LLC acquired a new position in shares of Lowe's Companies during the first quarter valued at $681,215,000. Pacer Advisors Inc. raised its stake in shares of Lowe's Companies by 2,984.6% during the first quarter. Pacer Advisors Inc. now owns 2,038,069 shares of the home improvement retailer's stock valued at $475,339,000 after purchasing an additional 1,971,996 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Lowe's Companies by 26,796.0% during the first quarter. GAMMA Investing LLC now owns 1,657,332 shares of the home improvement retailer's stock valued at $386,540,000 after purchasing an additional 1,651,170 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Lowe's Companies by 1,048.5% during the first quarter. Assenagon Asset Management S.A. now owns 739,727 shares of the home improvement retailer's stock valued at $172,527,000 after purchasing an additional 675,318 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Lowe's Companies by 49.0% during the first quarter. Wellington Management Group LLP now owns 1,881,196 shares of the home improvement retailer's stock valued at $438,751,000 after purchasing an additional 618,775 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Down 0.9%

Shares of Lowe's Companies stock opened at $257.40 on Thursday. The company's 50-day moving average price is $250.11 and its two-hundred day moving average price is $232.98. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The stock has a market cap of $144.36 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same period in the previous year, the business earned $4.10 earnings per share. Lowe's Companies's revenue for the quarter 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, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LOW. KeyCorp lifted their price objective on shares of Lowe's Companies from $266.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Mizuho lifted their price objective on shares of Lowe's Companies from $280.00 to $285.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Barclays set a $267.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 21st. DA Davidson lifted their price objective on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein lifted their price objective on shares of Lowe's Companies from $266.00 to $279.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Fifteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $284.00.

Insider Buying and Selling

In other Lowe's Companies news, EVP Juliette Williams Pryor sold 929 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $7,741,462.80. The trade was a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total value of $10,564,000.00. Following the sale, the chief executive officer owned 249,043 shares in the company, valued at approximately $65,772,256.30. The trade was a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,931 shares of company stock worth $24,945,752 in the last quarter. 0.27% of the stock is currently owned by corporate insiders.

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.

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