State of Wisconsin Investment Board lessened its position in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 290,546 shares of the home improvement retailer’s stock after selling 15,484 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.05% of Lowe’s Companies worth $70,068,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of LOW. Swiss RE Ltd. acquired a new position in Lowe’s Companies during the fourth quarter worth $25,000. Wilkerson Advisory Group LLC bought a new position in Lowe’s Companies in the fourth quarter valued at $27,000. OLD Second National Bank of Aurora increased its stake in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the last quarter. United Financial Planning Group LLC bought a new stake in Lowe’s Companies during the 3rd quarter worth about $31,000. Finally, Triumph Capital Management acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth about $34,000. Institutional investors own 74.06% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on LOW shares. Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. TD Cowen decreased their price target on Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Wells Fargo & Company decreased their price target on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. The Goldman Sachs Group decreased their price target on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. decreased their price target on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $264.57.
Lowe’s Companies Trading Up 1.7%
NYSE:LOW opened at $223.88 on Wednesday. The stock has a market cap of $125.53 billion, a P/E ratio of 18.92, a PEG ratio of 2.78 and a beta of 0.86. The stock has a 50 day simple moving average of $228.01 and a 200 day simple moving average of $246.01. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion during 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 firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is 40.57%.
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.
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