Fisher Asset Management LLC Sells 13,766 Shares of Lowe’s Companies, Inc. $LOW

Fisher Asset Management LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 416,819 shares of the home improvement retailer’s stock after selling 13,766 shares during the quarter. Fisher Asset Management LLC’s holdings in Lowe’s Companies were worth $100,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Activest Wealth Management boosted its position in Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares in the last quarter. OLD Second National Bank of Aurora boosted its position in Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 42 shares in the last quarter. United Financial Planning Group LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at $31,000. Triumph Capital Management bought a new stake in Lowe’s Companies during the 3rd quarter valued at $34,000. Finally, Guerra Advisors Inc bought a new stake in Lowe’s Companies during the 3rd quarter valued at $35,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $215.29 on Tuesday. The stock has a market capitalization of $120.57 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 4.14 and a beta of 0.91. Lowe’s Companies, Inc. has a 1-year low of $208.00 and a 1-year high of $293.06. The business has a fifty day moving average price of $234.28 and a 200-day moving average price of $247.95.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the firm earned $2.92 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.52 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s payout ratio is currently 40.57%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Jefferies Financial Group dropped their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Raymond James Financial cut Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Piper Sandler lowered their price objective on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. JPMorgan Chase & Co. lowered their price objective on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Finally, Weiss Ratings cut Lowe’s Companies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $264.57.

About Lowe’s Companies

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.