Xponance LLC Buys 4,987 Shares of Lowe’s Companies, Inc. $LOW

Xponance LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,247 shares of the home improvement retailer’s stock after purchasing an additional 4,987 shares during the period. Xponance LLC’s holdings in Lowe’s Companies were worth $21,282,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Lowe’s Companies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after purchasing an additional 924,625 shares during the period. State Street Corp lifted its holdings in shares of Lowe’s Companies by 0.5% during the 3rd quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after acquiring an additional 124,501 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Lowe’s Companies by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock worth $3,201,329,000 after acquiring an additional 887,579 shares during the period. Norges Bank bought a new position in shares of Lowe’s Companies during the 4th quarter worth about $1,993,697,000. Finally, Northern Trust Corp lifted its holdings in shares of Lowe’s Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after acquiring an additional 103,827 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 2.4%

LOW opened at $221.45 on Friday. The stock has a market capitalization of $124.17 billion, a PE ratio of 18.72, a PEG ratio of 2.73 and a beta of 0.86. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The firm has a 50-day moving average price of $228.68 and a two-hundred day moving average price of $246.32.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, research analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio is 40.57%.

Analyst Ratings Changes

A number of research firms have recently commented on LOW. Benchmark began coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They set a “hold” rating for the company. William Blair started coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They set an “overweight” rating for the company. HSBC cut their price target on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Finally, BNP Paribas Exane cut their price target on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

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.