Lowe's Companies, Inc. $LOW Shares Purchased by Woodline Partners LP

Key Points

• Woodline Partners LP increased its stake in Lowe's Companies by 40.0%, totaling 47,704 shares, now valued at approximately $11.1 million.
• A significant number of other institutional investors, including Vanguard Group and Goldman Sachs, also boosted their positions in Lowe's during the first quarter, indicating strong institutional interest in the company.
• Lowe's reported earnings per share of $4.33 for the last quarter, exceeding estimates, and has adjusted its FY 2025 guidance to 12.200-12.450 EPS.

Woodline Partners LP lifted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 40.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,704 shares of the home improvement retailer's stock after purchasing an additional 13,636 shares during the quarter. Woodline Partners LP's holdings in Lowe's Companies were worth $11,126,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Second Line Capital LLC increased its stake in shares of Lowe's Companies by 0.9% during the fourth quarter. Second Line Capital LLC now owns 4,793 shares of the home improvement retailer's stock worth $1,183,000 after buying an additional 44 shares during the period. Vertex Planning Partners LLC increased its stake in shares of Lowe's Companies by 2.9% during the first quarter. Vertex Planning Partners LLC now owns 1,582 shares of the home improvement retailer's stock worth $369,000 after buying an additional 44 shares during the period. Quadcap Wealth Management LLC increased its stake in shares of Lowe's Companies by 0.5% during the first quarter. Quadcap Wealth Management LLC now owns 9,386 shares of the home improvement retailer's stock worth $2,189,000 after buying an additional 46 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Lowe's Companies by 0.8% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,817 shares of the home improvement retailer's stock worth $1,357,000 after buying an additional 47 shares during the period. Finally, Fielder Capital Group LLC increased its stake in shares of Lowe's Companies by 5.9% during the first quarter. Fielder Capital Group LLC now owns 865 shares of the home improvement retailer's stock worth $202,000 after buying an additional 48 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 0.2%

Lowe's Companies stock traded down $0.51 during mid-day trading on Friday, hitting $271.89. The company had a trading volume of 2,896,462 shares, compared to its average volume of 2,795,264. The stock has a market cap of $152.48 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.52 and a beta of 0.87. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $287.01. The business has a fifty day moving average of $243.26 and a 200 day moving average of $231.73.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The home improvement retailer reported $4.33 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.09. The business had revenue of $23.96 billion during the quarter, compared to the consensus estimate of $23.99 billion. Lowe's Companies had a negative return on equity of 52.02% and a net margin of 8.20%.The company's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.10 earnings per share. Lowe's Companies has set its FY 2025 guidance at 12.200-12.450 EPS. Equities analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share 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. Stockholders 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 of this dividend is Wednesday, October 22nd. Lowe's Companies's dividend payout ratio is presently 39.44%.

Insider Transactions at Lowe's Companies

In other news, EVP Joseph Michael Mcfarland sold 43,810 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $272.60, for a total value of $11,942,606.00. Following the completion of the sale, the executive vice president directly owned 66,566 shares of the company's stock, valued at approximately $18,145,891.60. This represents a 39.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Marvin R. Ellison sold 40,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 249,043 shares of the company's stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,931 shares of company stock valued at $24,945,752 over the last ninety days. 0.27% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays set a $267.00 target price on shares of Lowe's Companies in a research note on Thursday, August 21st. Guggenheim restated a "buy" rating and set a $300.00 target price on shares of Lowe's Companies in a research note on Thursday, August 21st. Mizuho increased their price target 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. Royal Bank Of Canada increased 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 research note on Thursday, August 21st. Finally, Stifel Nicolaus increased their price target on shares of Lowe's Companies from $240.00 to $265.00 and gave the company a "hold" rating in a research note on Monday, August 18th. Sixteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $284.13.

Lowe's Companies Company 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.