Handelsbanken Fonder AB Has $48.78 Million Stock Position in Lowe’s Companies, Inc. $LOW

Handelsbanken Fonder AB lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 202,262 shares of the home improvement retailer’s stock after selling 5,647 shares during the period. Handelsbanken Fonder AB’s holdings in Lowe’s Companies were worth $48,778,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Hartford Funds Management Co LLC raised its holdings in shares of Lowe’s Companies by 96.8% during the 4th quarter. Hartford Funds Management Co LLC now owns 9,791 shares of the home improvement retailer’s stock worth $2,362,000 after buying an additional 4,817 shares in the last quarter. McKinley Carter Wealth Services Inc. grew its position in Lowe’s Companies by 2.0% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 14,573 shares of the home improvement retailer’s stock worth $3,514,000 after acquiring an additional 291 shares during the last quarter. Integral Investment Advisors Inc. grew its position in Lowe’s Companies by 6.4% during the 4th quarter. Integral Investment Advisors Inc. now owns 6,608 shares of the home improvement retailer’s stock worth $1,594,000 after acquiring an additional 398 shares during the last quarter. Aviance Capital Partners LLC grew its position in Lowe’s Companies by 9.2% during the 4th quarter. Aviance Capital Partners LLC now owns 31,305 shares of the home improvement retailer’s stock worth $7,550,000 after acquiring an additional 2,650 shares during the last quarter. Finally, Capstone Capital Management Ltd bought a new stake in Lowe’s Companies during the 4th quarter worth $599,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

More Lowe’s Companies News

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s is getting a potential boost from a new partnership with MrBeast, including in-store kids’ workshops and exclusive toy kits, which could help drive traffic, summer engagement, and incremental sales. LOWE’S BRINGS MRBEAST EXPERIENCE INTO STORES WITH NEW KIDS CLUB WORKSHOPS
• Positive Sentiment: Analysts still see some upside into earnings, with Oppenheimer maintaining an outperform rating even after trimming its price target, suggesting expectations are not uniformly bearish. Lowe’s Companies had its price target lowered by Oppenheimer Holdings, Inc.
• Neutral Sentiment: Multiple previews say Lowe’s Q1 results are likely to reflect a split between stronger Pro customer demand and weaker DIY spending, with Wall Street looking for about $22.91 billion in revenue and $2.96 in EPS. Lowe’s Q1 Earnings Preview: Is LOW Ready to Surprise Wall Street?
• Neutral Sentiment: Home Depot’s recent earnings were not disastrous, but same-store sales missed, and commentary pointed to a pressured consumer and a frozen housing market—signals that also frame the setup for Lowe’s report. Lowe’s Due After Home Depot Earnings Fall Less Than Feared
• Negative Sentiment: Sentiment has been mixed to cautious ahead of earnings, with Lowe’s stock near 52-week lows and analysts trimming price targets, reinforcing concerns about slower growth and limited near-term upside. Lowe’s Companies (NYSE:LOW) Price Target Cut to $220.00 by Analysts at Stifel Nicolaus
• Negative Sentiment: The broader backdrop remains weak, with the housing market still frozen and mortgage rates elevated, which could continue to weigh on renovation demand and discretionary spending at Lowe’s. Home Depot, Lowe’s Set to Report 1Q Results With Housing Market Still Frozen — Earnings Preview

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LOW shares. Piper Sandler lowered Lowe’s Companies from an “overweight” rating to a “neutral” rating in a research report on Tuesday, May 12th. Oppenheimer reduced their price objective on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Monday. Gordon Haskett reduced their price objective on Lowe’s Companies from $300.00 to $280.00 in a research report on Friday, May 8th. Jefferies Financial Group restated a “buy” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 25th. Finally, Wolfe Research reduced their price objective on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.76.

Lowe’s Companies Trading Up 0.2%

NYSE LOW opened at $218.44 on Wednesday. The business’s 50-day moving average price is $236.65 and its two-hundred day moving average price is $248.53. Lowe’s Companies, Inc. has a 12 month low of $210.33 and a 12 month high of $293.06. The firm has a market capitalization of $122.34 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 4.18 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. During the same quarter in the previous year, the company posted $1.93 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.6 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, April 22nd. Lowe’s Companies’s payout ratio is 40.51%.

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.