Neo Ivy Capital Management Invests $1.58 Million in Lowe’s Companies, Inc. $LOW

Neo Ivy Capital Management bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,300 shares of the home improvement retailer’s stock, valued at approximately $1,583,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. Vanguard Group Inc. boosted its position in Lowe’s Companies by 0.6% during the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock worth $13,898,992,000 after acquiring an additional 329,807 shares during the last quarter. State Street Corp raised its holdings in Lowe’s Companies by 0.8% in the 2nd quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after acquiring an additional 207,826 shares during the last quarter. Geode Capital Management LLC lifted its stake in Lowe’s Companies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock worth $2,732,049,000 after purchasing an additional 42,190 shares in the last quarter. Norges Bank purchased a new position in Lowe’s Companies in the 2nd quarter worth approximately $1,773,624,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Lowe’s Companies by 12.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock worth $1,079,320,000 after purchasing an additional 463,012 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

LOW opened at $251.89 on Friday. The stock has a market capitalization of $141.30 billion, a PE ratio of 21.26, a P/E/G ratio of 5.53 and a beta of 0.98. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $293.06. The business’s 50 day moving average price is $268.21 and its 200 day moving average price is $254.63.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (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 company had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter last year, the firm earned $1.93 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LOW. The Goldman Sachs Group upped their price target on Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Rothschild & Co Redburn boosted their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Guggenheim upped their target price on Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Oppenheimer cut their target price on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Finally, HSBC reduced their price target on Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $291.64.

Insider Activity

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

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.