2,560 Shares in Lowe’s Companies, Inc. $LOW Acquired by Jacobs Equity LLC

by · The Markets Daily

Jacobs Equity LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 2,560 shares of the home improvement retailer’s stock, valued at approximately $617,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. Brighton Jones LLC grew its holdings 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 buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Lowe’s Companies by 22.3% in the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after buying an additional 280 shares in the last quarter. United Bank boosted its position in 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. boosted its position in 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. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. 0.29% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. KGI Securities assumed coverage on shares of Lowe’s Companies in a research note on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price objective for the company. Royal Bank Of Canada decreased their target price on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 21st. Morgan Stanley lowered their target price on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Truist Financial dropped their price target on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Jefferies Financial Group cut their price target on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a report on Thursday, May 21st. 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $264.57.

View Our Latest Stock Analysis on LOW

Lowe’s Companies Trading Up 2.2%

Shares of LOW opened at $222.10 on Friday. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06. The firm has a market capitalization of $124.53 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.74 and a beta of 0.86. The firm has a 50-day moving average price of $227.46 and a 200 day moving average price of $245.69.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its earnings results 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 for 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 quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. 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 Company Profile

(Free Report)

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.

See Also

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