Candriam S.C.A. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,622 shares of the home improvement retailer’s stock after purchasing an additional 2,781 shares during the period. Candriam S.C.A.’s holdings in Lowe’s Companies were worth $12,906,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in LOW. Norges Bank acquired a new position in Lowe’s Companies in the 4th quarter valued at approximately $1,993,697,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Lowe’s Companies by 45.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer’s stock valued at $1,580,941,000 after buying an additional 2,039,343 shares during the period. J. Stern & Co. LLP boosted its stake in shares of Lowe’s Companies by 7,814.9% during the 4th quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer’s stock valued at $359,417,000 after buying an additional 1,471,539 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at $308,683,000. Finally, Vanguard Group Inc. increased its stake 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 acquiring an additional 924,625 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Citigroup raised Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 price objective for the company in a research report on Tuesday, May 12th. Craig Hallum raised Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. HSBC cut their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Gordon Haskett lowered their price target on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, BTIG Research cut Lowe’s Companies to a “reduce” rating in a research note on Tuesday, May 12th. Twenty-three 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.
Insider Buying and Selling at Lowe’s Companies
In other news, EVP Janice Dupre sold 14,150 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 9,330 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the transaction, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,980 shares of company stock worth $5,796,937 over the last 90 days. Insiders own 0.29% of the company’s stock.
Lowe’s Companies Price Performance
NYSE LOW opened at $211.69 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06. The stock’s 50-day moving average is $219.20 and its two-hundred day moving average is $242.73. The firm has a market cap of $118.70 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 2.67 and a beta of 0.86.
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 (EPS) for the quarter, topping the consensus estimate 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 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 EPS. 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 EPS for the current year.
Lowe’s Companies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders 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 2.4%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend 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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