Alkeon Capital Management LLC Reduces Position in Lowe’s Companies, Inc. $LOW

Alkeon Capital Management LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 27.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 468,594 shares of the home improvement retailer’s stock after selling 180,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in Lowe’s Companies were worth $113,006,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LOW. Swiss RE Ltd. purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $27,000. OLD Second National Bank of Aurora boosted its holdings in shares of 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 purchasing an additional 42 shares during the period. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $31,000. Finally, Triumph Capital Management purchased a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $34,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LOW shares. Morgan Stanley lowered their price target on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Raymond James Financial lowered Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Piper Sandler lowered their price target on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Wolfe Research set a $254.00 price target on Lowe’s Companies in a report on Thursday, May 21st. Finally, KeyCorp lowered their price target on Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Stock Down 0.2%

Shares of NYSE:LOW opened at $220.29 on Tuesday. The company has a market capitalization of $123.52 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth 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 firm has a 50 day moving average of $228.16 and a 200 day moving average of $246.14.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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 expect that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

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

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.