Oddo BHF Asset Management Sas Buys 13,784 Shares of Lowe’s Companies, Inc. $LOW

Oddo BHF Asset Management Sas lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 53.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,539 shares of the home improvement retailer’s stock after acquiring an additional 13,784 shares during the period. Oddo BHF Asset Management Sas’ holdings in Lowe’s Companies were worth $9,535,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LOW. Norges Bank purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth $1,993,697,000. Wellington Management Group LLP raised its position in shares of Lowe’s Companies by 102.0% in 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 buying an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Lowe’s Companies by 207.2% in 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 buying an additional 1,388,133 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth $308,683,000. Finally, Vanguard Group Inc. raised its position in shares of Lowe’s Companies by 1.7% in 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 buying an additional 924,625 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LOW shares. Stifel Nicolaus lowered their price objective on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Truist Financial lowered their price objective on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Gordon Haskett lowered their price objective on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Citigroup upgraded Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective on the stock in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group lowered their price objective on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Stock Down 0.2%

NYSE LOW opened at $220.29 on Tuesday. The stock’s 50-day simple moving average is $228.16 and its two-hundred day simple moving average is $246.14. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The company 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 (NYSE:LOW) last released its quarterly 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 business had revenue of $23.08 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities analysts expect that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.57%.

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.