Swiss National Bank decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,536,800 shares of the home improvement retailer’s stock after selling 78,700 shares during the quarter. Swiss National Bank’s holdings in Lowe’s Companies were worth $370,615,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. Brighton Jones LLC raised its position in shares of Lowe’s Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after acquiring an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after acquiring an additional 259 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after acquiring an additional 280 shares during the last quarter. United Bank raised its position in shares of Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after acquiring an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Lowe’s Companies by 13.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on LOW shares. Wolfe Research set a $254.00 target price on Lowe’s Companies in a research report on Thursday, May 21st. UBS Group dropped their target price on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler dropped their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Robert W. Baird dropped their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Jefferies Financial Group dropped their target price on 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. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $264.57.
Lowe’s Companies Trading Up 2.4%
NYSE LOW opened at $221.45 on Friday. The stock has a 50-day simple moving average of $228.68 and a 200 day simple moving average of $246.32. The company has a market capitalization of $124.17 billion, a PE ratio of 18.72, a P/E/G ratio of 2.73 and a beta of 0.86. Lowe’s Companies, Inc. has a 12 month low of $203.40 and a 12 month high of $293.06.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion during 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 firm’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts predict 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. Investors of record on Wednesday, July 22nd will be issued a $1.25 dividend. This is a boost 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%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is currently 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.
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