Vinva Investment Management Ltd Raises Stake in Lowe’s Companies, Inc. $LOW

Vinva Investment Management Ltd boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,778 shares of the home improvement retailer’s stock after buying an additional 3,260 shares during the quarter. Vinva Investment Management Ltd’s holdings in Lowe’s Companies were worth $10,077,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Waterloo Capital L.P. boosted its stake in Lowe’s Companies by 1.2% in the second quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after acquiring an additional 41 shares during the last quarter. TruWealth Advisors LLC increased its stake in shares of Lowe’s Companies by 2.7% during the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after purchasing an additional 42 shares during the last quarter. Cypress Wealth Services LLC increased its stake in shares of Lowe’s Companies by 2.0% during the 3rd quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock worth $551,000 after purchasing an additional 42 shares during the last quarter. Hidden Cove Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 4.6% in the 3rd quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after purchasing an additional 42 shares during the period. Finally, Roble Belko & Company Inc lifted its stake in Lowe’s Companies by 21.4% in the third quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock valued at $63,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on LOW. DA Davidson reissued a “neutral” rating and set a $275.00 price objective on shares of Lowe’s Companies in a report on Thursday, February 26th. Evercore cut their price target on Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. Wolfe Research decreased their price objective on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Guggenheim boosted their price objective on Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a research note 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 report on Thursday, November 20th. Twenty-one analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $291.00.

Insider Buying and Selling at Lowe’s Companies

In other 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 transaction of $4,701,060.00. Following the sale, the chief executive officer directly 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 at this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $251.89 on Monday. The firm has a market capitalization of $141.30 billion, a P/E ratio of 21.26, a PEG ratio of 5.47 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 has a fifty day moving average price of $268.21 and a 200-day moving average price of $254.60.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The company had revenue of $20.58 billion for 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 for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.