Arrowstreet Capital Limited Partnership Boosts Stake in Lowe’s Companies, Inc. $LOW

Arrowstreet Capital Limited Partnership lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,364,151 shares of the home improvement retailer’s stock after buying an additional 18,333 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.42% of Lowe’s Companies worth $570,139,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Swiss RE Ltd. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $27,000. United Financial Planning Group LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $31,000. OLD Second National Bank of Aurora boosted its stake in shares of Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $34,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore decreased their target price on Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Oppenheimer decreased their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Jefferies Financial Group decreased their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Gordon Haskett decreased their target price on 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, Morgan Stanley decreased their target price on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Twenty-three equities 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 company. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Performance

LOW opened at $220.57 on Friday. The business’s fifty day moving average is $228.38 and its two-hundred day moving average is $246.14. The company has a market cap of $123.67 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.79 and a beta of 0.86. Lowe’s Companies, Inc. has a one year low of $203.40 and a one year high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly 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. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the previous year, the firm posted $2.92 earnings per share. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts predict 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. Stockholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change 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%.

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.