Cardinal Point Capital Management ULC Trims Stock Holdings in Lowe’s Companies, Inc. $LOW

Cardinal Point Capital Management ULC lowered its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 72.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,405 shares of the home improvement retailer’s stock after selling 3,760 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Lowe’s Companies were worth $332,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Lowe’s Companies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after acquiring an additional 924,625 shares during the last quarter. State Street Corp boosted its position in shares of Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the period. Geode Capital Management LLC increased its holdings in Lowe’s Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after purchasing an additional 887,579 shares during the last quarter. Norges Bank acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $1,993,697,000. Finally, Northern Trust Corp raised its position in Lowe’s Companies by 1.5% in the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after purchasing an additional 103,827 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity

In related news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the transaction, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Rothschild & Co Redburn upped their price target 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. The Goldman Sachs Group cut their price objective on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. TD Cowen decreased their target price on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. Robert W. Baird lowered their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Telsey Advisory Group lowered their target price on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $222.04 on Friday. The business has a 50-day simple moving average of $224.70 and a 200-day simple moving average of $244.72. Lowe’s Companies, Inc. has a one year low of $203.40 and a one year high of $293.06. The company has a market cap of $124.50 billion, a PE ratio of 18.77, a P/E/G ratio of 2.80 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the company earned $2.92 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

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.