Quadrant Capital Group LLC Decreases Stake in Lowe’s Companies, Inc. $LOW

Quadrant Capital Group LLC reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.3% during the third quarter, HoldingsChannel reports. The firm owned 16,366 shares of the home improvement retailer’s stock after selling 2,288 shares during the period. Quadrant Capital Group LLC’s holdings in Lowe’s Companies were worth $4,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Lowe’s Companies during the second quarter valued at approximately $1,773,624,000. Victory Capital Management Inc. grew its position in Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after purchasing an additional 1,388,133 shares during the period. Tableaux LLC bought a new stake in Lowe’s Companies in the 2nd quarter worth approximately $282,884,000. Laurel Wealth Advisors LLC raised its stake in Lowe’s Companies by 22,167.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after buying an additional 1,027,683 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its stake in Lowe’s Companies by 243.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after buying an additional 791,526 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Bank of America dropped their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Wells Fargo & Company upped their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. Stifel Nicolaus increased their target price on Lowe’s Companies from $230.00 to $250.00 and gave the company a “hold” rating in a report on Monday, December 1st. The Goldman Sachs Group raised their target price on Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Rothschild & Co Redburn boosted their price target on Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Twenty-one analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.76.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $251.05 on Wednesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $293.06. The company’s fifty day simple moving average is $268.49 and its 200-day simple moving average is $254.47. The stock has a market capitalization of $140.83 billion, a PE ratio of 21.19, a P/E/G ratio of 5.43 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.58 billion during the quarter, compared to analyst estimates of $20.34 billion. During the same period in the prior year, the business posted $1.93 EPS. Lowe’s Companies’s revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.