BXM Wealth LLC Acquires 30,269 Shares of Lowe’s Companies, Inc. $LOW

BXM Wealth LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1,015.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,251 shares of the home improvement retailer’s stock after buying an additional 30,269 shares during the quarter. BXM Wealth LLC’s holdings in Lowe’s Companies were worth $8,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Howard Hughes Medical Institute purchased a new stake in Lowe’s Companies in the 2nd quarter worth $27,000. Activest Wealth Management grew its position in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 51 shares in the last quarter. United Financial Planning Group LLC bought a new stake in shares of Lowe’s Companies in the third quarter worth about $31,000. Triumph Capital Management bought a new stake in shares of Lowe’s Companies in the third quarter worth about $34,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Lowe’s Companies in the third quarter worth about $35,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on LOW. Citigroup raised their target price on shares of Lowe’s Companies from $250.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Gordon Haskett decreased their price target on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. DA Davidson reissued a “neutral” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research note on Thursday, February 26th. Piper Sandler restated an “overweight” rating and issued a $300.00 target price (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. Finally, The Goldman Sachs Group upped their target price on shares of Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $289.24.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by insiders.

Lowe’s Companies Stock Up 0.2%

Shares of Lowe’s Companies stock opened at $231.44 on Monday. The stock’s fifty day moving average is $258.28 and its two-hundred day moving average is $250.68. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06. The company has a market capitalization of $129.62 billion, a PE ratio of 19.53, a price-to-earnings-growth ratio of 5.02 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The business had revenue of $20.59 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

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.