Lowe’s Companies, Inc. $LOW Shares Bought by Arrowstreet Capital Limited Partnership

by · The Markets Daily

Arrowstreet Capital Limited Partnership raised its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,364,151 shares of the home improvement retailer’s stock after acquiring an additional 18,333 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Lowe’s Companies were worth $570,139,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LOW. Natixis Advisors LLC grew its stake in shares of Lowe’s Companies by 3.5% during the 4th quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock valued at $152,161,000 after buying an additional 21,119 shares during the period. Bridges Investment Management Inc. grew its stake in shares of Lowe’s Companies by 6.1% during the 4th quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock valued at $107,664,000 after buying an additional 25,609 shares during the period. Glenview Trust Co grew its stake in shares of Lowe’s Companies by 9.0% during the 4th quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock valued at $50,112,000 after buying an additional 17,225 shares during the period. LPL Financial LLC grew its stake in shares of Lowe’s Companies by 2.3% during the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after buying an additional 22,175 shares during the period. Finally, Jefferies Financial Group Inc. grew its stake in shares of Lowe’s Companies by 134.3% during the 3rd quarter. Jefferies Financial Group Inc. now owns 56,252 shares of the home improvement retailer’s stock valued at $14,137,000 after buying an additional 32,240 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $220.57 on Friday. The firm has a market capitalization of $123.67 billion, a PE ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86. The business has a 50-day moving average of $228.38 and a two-hundred day moving average of $246.14. 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 posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same quarter last year, the firm earned $2.92 earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. 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. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is 40.57%.

Analysts Set New Price Targets

Several brokerages have commented on LOW. Royal Bank Of Canada dropped their price target on Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research note on Thursday, May 21st. DA Davidson restated a “neutral” rating and set a $275.00 price target on shares of Lowe’s Companies in a research note on Wednesday, May 20th. Guggenheim upped their price target on Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. Finally, Piper Sandler dropped their price target on Lowe’s Companies from $300.00 to $276.00 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $264.57.

View Our Latest Report on Lowe’s Companies

About Lowe’s Companies

(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.

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