BLI Banque de Luxembourg Investments Sells 2,709 Shares of Lowe’s Companies, Inc. $LOW

BLI Banque de Luxembourg Investments cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 46,911 shares of the home improvement retailer’s stock after selling 2,709 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Lowe’s Companies were worth $11,411,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Lowe’s Companies by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock valued at $13,560,617,000 after buying an additional 924,625 shares in the last quarter. State Street Corp grew its stake in shares of Lowe’s Companies by 0.5% in the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock valued at $6,291,867,000 after buying an additional 124,501 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lowe’s Companies by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer’s stock valued at $3,201,329,000 after buying an additional 887,579 shares in the last quarter. Norges Bank bought a new position in shares of Lowe’s Companies in the fourth quarter valued at $1,993,697,000. Finally, Northern Trust Corp grew its stake in shares of Lowe’s Companies by 1.5% in the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock valued at $1,716,467,000 after buying an additional 103,827 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Down 1.2%

LOW stock opened at $208.22 on Tuesday. The company has a market cap of $116.75 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.66 and a beta of 0.87. The business has a 50-day simple moving average of $229.56 and a 200 day simple moving average of $246.57. Lowe’s Companies, Inc. has a 52 week low of $203.40 and a 52 week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The business 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%.Lowe’s Companies’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous 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, analysts anticipate that Lowe’s Companies, Inc. will post 12.48 EPS 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. Investors 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 yield of 2.4%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Wednesday, July 22nd. Lowe’s Companies’s payout ratio is presently 40.57%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LOW shares. Wolfe Research set a $254.00 target price on shares of Lowe’s Companies in a research note on Thursday, May 21st. BTIG Research cut shares of Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Evercore reduced their price objective on shares of Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Benchmark started coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They set a “hold” rating for the company. Finally, Guggenheim lifted their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Twenty-three 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. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $264.57.

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.