Lowe's Companies, Inc. $LOW Stock Holdings Trimmed by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its holdings in Lowe's by 21.7% in Q1, selling 23,817 shares, while maintaining a portfolio worth approximately $20 million in the company.
• Major investors like Vanguard Group and Invesco have increased their stakes in Lowe's, indicating strong institutional interest with 74.06% of stock owned by large investors.
• Analysts have set new price targets for Lowe's, ranging from $266 to $300, with a consensus rating of "Moderate Buy" and a target price of $283.92.

Trexquant Investment LP decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,968 shares of the home improvement retailer's stock after selling 23,817 shares during the quarter. Trexquant Investment LP's holdings in Lowe's Companies were worth $20,050,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wood Tarver Financial Group LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at approximately $25,000. Fairway Wealth LLC acquired a new stake in Lowe's Companies in the first quarter valued at approximately $32,000. Orion Capital Management LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Lowe's Companies in the first quarter valued at approximately $36,000. Finally, IFS Advisors LLC grew its position in Lowe's Companies by 60.0% in the first quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In related news, CEO Marvin R. Ellison sold 40,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $264.10, for a total transaction 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. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Juliette Williams Pryor sold 1,130 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the transaction, the executive vice president directly owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,059 shares of company stock worth $11,060,014 over the last 90 days. 0.27% of the stock is currently owned by company insiders.

Lowe's Companies Price Performance

LOW traded up $1.00 during trading hours on Friday, hitting $258.54. 2,177,553 shares of the stock were exchanged, compared to its average volume of 3,220,431. The stock has a 50-day simple moving average of $234.70 and a 200-day simple moving average of $230.34. Lowe's Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $287.01. The stock has a market cap of $144.89 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.39 and a beta of 0.89.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data 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 negative return on equity of 52.02% and a net margin of 8.20%.The firm had revenue of $23.96 billion for the quarter, compared to analysts' expectations of $23.99 billion. During the same period last year, the business posted $4.10 earnings per share. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Lowe's Companies Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on LOW shares. Morgan Stanley lowered their price objective on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Barclays set a $267.00 price target on shares of Lowe's Companies in a research report on Thursday, August 21st. DA Davidson raised their price target on shares of Lowe's Companies from $240.00 to $266.00 and gave the stock a "neutral" rating in a research report on Thursday, August 21st. Piper Sandler raised their price target on shares of Lowe's Companies from $269.00 to $294.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Guggenheim reissued a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.