LPL Financial LLC Acquires 22,175 Shares of Lowe’s Companies, Inc. $LOW

LPL Financial LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 993,332 shares of the home improvement retailer’s stock after acquiring an additional 22,175 shares during the period. LPL Financial LLC’s holdings in Lowe’s Companies were worth $239,552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. Norges Bank bought a new stake in shares of Lowe’s Companies during the fourth quarter worth about $1,993,697,000. Wellington Management Group LLP increased its position in shares of Lowe’s Companies by 102.0% during the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock worth $1,056,585,000 after acquiring an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Lowe’s Companies by 207.2% during the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after acquiring an additional 1,388,133 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Lowe’s Companies during the fourth quarter worth about $308,683,000. Finally, Vanguard Group Inc. increased its position in shares of Lowe’s Companies by 1.7% during the fourth 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 in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $217.19 on Wednesday. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The company has a 50-day simple moving average of $229.30 and a two-hundred day simple moving average of $246.49. The company has a market capitalization of $121.78 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.63 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating 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 net margin of 7.51% and a negative return on equity of 67.96%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. The ex-dividend date 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 yield of 2.3%. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BNP Paribas Exane decreased their target price on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group reduced their price objective on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Royal Bank Of Canada reduced their price objective on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research report on Thursday, May 21st. KGI Securities initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price objective for the company. Finally, Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Twenty-three 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’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Company 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.