Mariner LLC Buys 33,703 Shares of Lowe’s Companies, Inc. $LOW

Mariner LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 544,918 shares of the home improvement retailer’s stock after acquiring an additional 33,703 shares during the period. Mariner LLC’s holdings in Lowe’s Companies were worth $131,426,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Swiss RE Ltd. bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at approximately $27,000. United Financial Planning Group LLC bought a new stake in Lowe’s Companies in the third quarter valued at approximately $31,000. OLD Second National Bank of Aurora boosted its holdings in Lowe’s Companies by 52.5% in the fourth 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 during the last quarter. Finally, Triumph Capital Management bought a new stake in Lowe’s Companies in the third quarter valued at approximately $34,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $220.29 on Tuesday. The stock has a market capitalization of $123.52 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 2.79 and a beta of 0.87. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The stock’s 50 day moving average price is $228.16 and its two-hundred day moving average price is $246.14.

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

Lowe’s Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. Weiss Ratings cut Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Evercore reduced their target price on Lowe’s Companies from $250.00 to $230.00 in a report on Thursday, May 21st. Mizuho reduced their target price on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. William Blair initiated coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued an “overweight” rating on the stock. Finally, Guggenheim increased their price target on Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

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.