DoubleLine ETF Adviser LP Makes New $3.07 Million Investment in Lowe's Companies, Inc. $LOW

Key Points

• DoubleLine ETF Adviser LP acquired 13,149 shares of Lowe's Companies, worth approximately $3,067,000, marking a new investment position in the company.
• In recent months, several other institutional investors, including Wood Tarver Financial Group LLC and Fairway Wealth LLC, have also initiated new positions in Lowe's stock.
• Analysts have mixed outlooks on Lowe's Companies, with price targets ranging from $242.00 to $300.00, indicating a consensus rating of "Moderate Buy."

DoubleLine ETF Adviser LP purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,149 shares of the home improvement retailer's stock, valued at approximately $3,067,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Wood Tarver Financial Group LLC bought a new position in shares of Lowe's Companies during the 4th quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Lowe's Companies in the 1st quarter valued at about $32,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies in the 4th quarter valued at about $36,000. Inlight Wealth Management LLC bought a new position in shares of Lowe's Companies in the 1st quarter valued at about $36,000. Finally, IFS Advisors LLC boosted its stake in shares of Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 60 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Price Performance

NYSE LOW traded down $3.93 on Tuesday, hitting $269.09. 1,437,498 shares of the stock were exchanged, compared to its average volume of 2,713,110. The business's fifty day moving average is $239.88 and its 200 day moving average is $230.87. Lowe's Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $287.01. The company has a market capitalization of $150.91 billion, a PE ratio of 22.11, a P/E/G ratio of 2.50 and a beta of 0.87.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share (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 analyst estimates of $23.99 billion. During the same period in the prior year, the firm posted $4.10 earnings per share. The company'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. 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 $0.012 dividend. This represents a $0.05 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Wednesday, October 22nd. Lowe's Companies's payout ratio is currently 39.44%.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, CEO Marvin R. Ellison sold 40,000 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the transaction, the chief executive officer directly owned 249,043 shares in the company, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 929 shares of the company's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,121 shares of company stock worth $13,003,146 over the last ninety days. Insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LOW. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Thursday, August 21st. Piper Sandler boosted their price target 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. DA Davidson boosted their price target on shares of Lowe's Companies from $240.00 to $266.00 and gave the company a "neutral" rating in a report on Thursday, August 21st. Royal Bank Of Canada boosted their price target on shares of Lowe's Companies from $243.00 to $260.00 and gave the company a "sector perform" rating in a report on Thursday, August 21st. Finally, UBS Group boosted their price target on shares of Lowe's Companies from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $284.13.

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.