Oxbow Advisors LLC Has $5.71 Million Stock Position in Lowe’s Companies, Inc. $LOW

Oxbow Advisors LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% during the 2nd quarter, Holdings Channel reports. The fund owned 25,751 shares of the home improvement retailer’s stock after acquiring an additional 990 shares during the period. Oxbow Advisors LLC’s holdings in Lowe’s Companies were worth $5,713,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LOW. Values First Advisors Inc. increased its stake in Lowe’s Companies by 7.3% in the second quarter. Values First Advisors Inc. now owns 10,594 shares of the home improvement retailer’s stock valued at $2,351,000 after acquiring an additional 723 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Lowe’s Companies by 17.9% during the second quarter. Nordea Investment Management AB now owns 423,543 shares of the home improvement retailer’s stock worth $93,544,000 after purchasing an additional 64,416 shares during the period. Stableford Capital II LLC lifted its holdings in shares of Lowe’s Companies by 4.8% during the second quarter. Stableford Capital II LLC now owns 4,218 shares of the home improvement retailer’s stock worth $957,000 after purchasing an additional 192 shares during the period. Evernest Financial Advisors LLC lifted its holdings in shares of Lowe’s Companies by 2.4% during the second quarter. Evernest Financial Advisors LLC now owns 3,342 shares of the home improvement retailer’s stock worth $741,000 after purchasing an additional 77 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Lowe’s Companies in the second quarter valued at $317,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

NYSE LOW opened at $243.11 on Friday. The company’s 50 day simple moving average is $255.14 and its two-hundred day simple moving average is $234.62. The stock has a market capitalization of $136.34 billion, a PE ratio of 19.98, a P/E/G ratio of 2.24 and a beta of 0.88. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $285.24.

Lowe’s Companies (NYSE:LOW) 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 firm had revenue of $23.96 billion for the quarter, compared to analysts’ expectations of $23.99 billion. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $4.10 EPS. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $1.20 per share. The ex-dividend date is Wednesday, October 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio (DPR) is 39.44%.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 40,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total transaction 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. This trade represents a 13.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juliette Williams Pryor sold 929 shares of the firm’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 sale, the executive vice president owned 30,099 shares in the company, valued at approximately $7,741,462.80. This trade represents a 2.99% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,931 shares of company stock worth $24,945,752. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wolfe Research assumed coverage on Lowe’s Companies in a research note on Wednesday, September 17th. They set an “outperform” rating on the stock. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $260.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Truist Financial upped their price objective on shares of Lowe’s Companies from $264.00 to $283.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Oppenheimer increased their target price on shares of Lowe’s Companies from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Finally, Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $266.00 to $279.00 and gave the stock an “outperform” 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $282.91.

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.