Shorepoint Capital Partners LLC Takes $6.45 Million Position in Lowe's Companies, Inc. $LOW

Shorepoint Capital Partners LLC acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,672 shares of the home improvement retailer's stock, valued at approximately $6,452,000. Lowe's Companies comprises approximately 1.3% of Shorepoint Capital Partners LLC's holdings, making the stock its 26th largest position.Get Lowe's Companies alerts:These 3 Housing Stocks Are Laying the Foundation for a ComebackA number of other hedge funds have also made changes to their positions in LOW. Howard Hughes Medical Institute acquired a new stake in shares of Lowe's Companies during the 2nd quarter valued at approximately $27,000. Solstein Capital LLC increased its stake in shares of Lowe's Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer's stock valued at $29,000 after purchasing an additional 113 shares during the period. Traub Capital Management LLC acquired a new position in Lowe's Companies during the 2nd quarter worth $30,000. Vermillion & White Wealth Management Group LLC grew its position in Lowe's Companies by 128.8% in the 2nd 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, Olistico Wealth LLC acquired a new position in shares of Lowe's Companies during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 74.06% of the company's stock. Analyst Upgrades and DowngradesSeveral research analysts have issued reports on the stock. Guggenheim restated a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a research report on Thursday, August 21st. HSBC lowered their price target on shares of Lowe's Companies from $285.00 to $263.00 and set a "hold" rating on the stock in a report on Friday, November 21st. DA Davidson decreased their target price on shares of Lowe's Companies from $266.00 to $250.00 and set a "neutral" rating for the company in a research report on Thursday, November 20th. Telsey Advisory Group reduced their price objective on shares of Lowe's Companies from $305.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, November 20th. Finally, Piper Sandler increased their price objective on Lowe's Companies from $269.00 to $294.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Sixteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $275.92.Retail Earnings Roundup: Walmart Scores, Target Slumps in Q3Get Our Latest Analysis on Lowe's CompaniesLowe's Companies Trading Up 0.8%Lowe's Companies stock opened at $249.25 on Tuesday. The company has a market cap of $139.82 billion, a PE ratio of 20.67, a PEG ratio of 4.10 and a beta of 0.96. The company's 50-day moving average is $238.90 and its two-hundred day moving average is $239.45. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $274.98. Holiday Spending to Hit $1 Trillion—Time to Buy This Retail ETF?Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, November 19th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. Lowe's Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The company had revenue of $20.81 billion during the quarter, compared to analysts' expectations of $20.88 billion. During the same quarter last year, the company earned $2.89 EPS. Lowe's Companies's revenue for the quarter was up 3.2% compared to the same quarter last year. Lowe's Companies has set its FY 2025 guidance at 12.250-12.250 EPS. Research analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year. Lowe's Companies Announces DividendThe firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, January 21st. Lowe's Companies's payout ratio is presently 39.80%. Lowe's Companies Company Profile (Free Report)Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.Read MoreFive stocks we like better than Lowe's Companies3 Must-Buy Warren Buffett Stocks for Volatile TimesPfizer Adds to Its Big Bet on Weight Loss DrugsBest Stocks Under $5.00ServiceNow’s $7 Billion Gamble: Panic or Opportunity?How to Invest in Blue Chip StocksDell and HP Are Raising Prices—And Investors Should Take NoteThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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