Avestar Capital LLC Has $1.69 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Avestar Capital LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 26.0% during the fourth quarter, HoldingsChannel reports. The fund owned 7,022 shares of the home improvement retailer’s stock after selling 2,473 shares during the quarter. Avestar Capital LLC’s holdings in Lowe’s Companies were worth $1,694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. United Financial Planning Group LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $31,000. OLD Second National Bank of Aurora raised its position in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares during the last quarter. Triumph Capital Management bought a new position in shares of Lowe’s Companies during the third quarter worth about $34,000. Financial Life Planners acquired a new position in shares of Lowe’s Companies in the third quarter worth approximately $36,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $36,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LOW. Craig Hallum raised shares of Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their target price on shares of Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Telsey Advisory Group dropped their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Gordon Haskett cut their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, HSBC lowered their target price on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a report on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $207.79 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The business’s 50 day simple moving average is $231.16 and its two-hundred day simple moving average is $246.89. The firm has a market cap of $116.51 billion, a P/E ratio of 17.56, a PEG ratio of 2.61 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share 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 analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe’s Companies’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior 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 forecast that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.57%.

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.