Tidal Investments LLC Has $31.95 Million Stake in Lowe's Companies, Inc. $LOW

Key Points

• Tidal Investments increased its Lowe’s stake by 21.3% in the second quarter, bringing its holdings to 144,891 shares valued at approximately $31.95 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, exceeding estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion but fell short of expectations.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $257.63, despite recent target reductions.

Tidal Investments LLC boosted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 21.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,891 shares of the home improvement retailer's stock after acquiring an additional 25,448 shares during the quarter. Tidal Investments LLC's holdings in Lowe's Companies were worth $31,947,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC increased its holdings in shares of Lowe's Companies by 1.0% during the 2nd quarter. MCF Advisors LLC now owns 8,147 shares of the home improvement retailer's stock worth $1,796,000 after acquiring an additional 84 shares during the last quarter. National Pension Service lifted its holdings in Lowe's Companies by 2.8% during the 2nd quarter. National Pension Service now owns 1,387,918 shares of the home improvement retailer's stock valued at $306,022,000 after purchasing an additional 37,378 shares during the last quarter. Cidel Asset Management Inc. raised its position in shares of Lowe's Companies by 8.3% in the second quarter. Cidel Asset Management Inc. now owns 5,917 shares of the home improvement retailer's stock valued at $1,305,000 after purchasing an additional 452 shares during the period. Plimoth Trust Co. LLC boosted its holdings in shares of Lowe's Companies by 2.0% during the 2nd quarter. Plimoth Trust Co. LLC now owns 16,464 shares of the home improvement retailer's stock worth $3,630,000 after buying an additional 320 shares during the period. Finally, Capital Analysts LLC boosted its holdings in shares of Lowe's Companies by 3.6% during the 2nd quarter. Capital Analysts LLC now owns 20,941 shares of the home improvement retailer's stock worth $4,618,000 after buying an additional 724 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Trading Down 1.1%

NYSE LOW opened at $198.59 on Thursday. Lowe's Companies, Inc. has a 1-year low of $197.14 and a 1-year high of $293.06. The company has a 50 day moving average of $212.28 and a 200-day moving average of $225.83. The company has a market cap of $111.42 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.67 and a beta of 0.85.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. The firm had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The company's revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities research analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe's Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Lowe's Companies's dividend payout ratio (DPR) is presently 42.27%.

Analyst Ratings Changes

Several research firms have weighed in on LOW. Gordon Haskett lowered their price target on shares of Lowe's Companies from $280.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. UBS Group decreased their target price on Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. DA Davidson reiterated a "neutral" rating and set a $245.00 target price on shares of Lowe's Companies in a research note on Wednesday, August 19th. Mizuho dropped their price target on Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, August 20th. Finally, Jefferies Financial Group reduced their price target on Lowe's Companies from $305.00 to $278.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus price target of $257.63.

Insider Activity at Lowe's Companies

In other Lowe's Companies news, EVP Janice Dupré sold 14,150 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the firm's stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the transaction, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 over the last quarter. 0.29% of the stock is owned by corporate insiders.

About Lowe's Companies

Lowe's Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.

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