Prana Capital Management LP Has $71.97 Million Stock Position in Lowe’s Companies, Inc. $LOW

Prana Capital Management LP lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 58.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 286,379 shares of the home improvement retailer’s stock after buying an additional 105,131 shares during the quarter. Lowe’s Companies makes up about 2.4% of Prana Capital Management LP’s holdings, making the stock its 15th largest holding. Prana Capital Management LP’s holdings in Lowe’s Companies were worth $71,970,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Howard Hughes Medical Institute acquired a new stake in Lowe’s Companies during the 2nd quarter valued at $27,000. Activest Wealth Management boosted its position in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares during the period. Traub Capital Management LLC purchased a new position in shares of Lowe’s Companies during the second quarter valued at $30,000. Vermillion & White Wealth Management Group LLC grew its holdings in shares of Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 76 shares in the last quarter. Finally, United Financial Planning Group LLC acquired a new position in Lowe’s Companies during the third quarter valued at $31,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LOW shares. Morgan Stanley raised their price objective on Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. TD Cowen reduced their price target on shares of Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. HSBC decreased their price target on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a report on Friday, November 21st. The Goldman Sachs Group boosted their price objective on shares of Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Bank of America dropped their price objective on shares of 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. Twenty-one research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $289.76.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $239.82 on Wednesday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $293.06. The stock’s 50-day moving average is $268.21 and its two-hundred day moving average is $253.87. The firm has a market cap of $134.53 billion, a P/E ratio of 20.24, a PEG ratio of 5.26 and a beta of 0.98.

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

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction that occurred on Friday, January 9th. The shares were 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 directly owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Company 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.