Lowe’s Companies, Inc. $LOW Shares Sold by South Street Advisors LLC

South Street Advisors LLC trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,572 shares of the home improvement retailer’s stock after selling 3,938 shares during the period. Lowe’s Companies makes up about 1.4% of South Street Advisors LLC’s holdings, making the stock its 28th biggest holding. South Street Advisors LLC’s holdings in Lowe’s Companies were worth $9,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its holdings in shares of Lowe’s Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares during the last quarter. OLD Second National Bank of Aurora increased its position in Lowe’s Companies by 52.5% during the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 42 shares in the last quarter. United Financial Planning Group LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $31,000. Triumph Capital Management acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $34,000. Finally, Guerra Advisors Inc acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $35,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 0.4%

Shares of NYSE:LOW opened at $217.80 on Friday. The company has a 50 day moving average of $232.82 and a two-hundred day moving average of $247.59. The company has a market capitalization of $121.98 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 4.70 and a beta of 0.91. Lowe’s Companies, Inc. has a 52-week low of $208.00 and a 52-week high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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 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 company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.57%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LOW. KeyCorp dropped their target price on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Benchmark started coverage on Lowe’s Companies in a report on Tuesday, May 12th. They issued a “hold” rating for the company. UBS Group lowered their price target on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Truist Financial lowered their price target on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Sanford C. Bernstein lowered their price target on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.