BI Asset Management Fondsmaeglerselskab A S Decreases Stock Holdings in Lowe’s Companies, Inc. $LOW

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 82.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,738 shares of the home improvement retailer’s stock after selling 107,433 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Lowe’s Companies were worth $5,373,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LOW. Old North State Trust LLC lifted its stake in Lowe’s Companies by 152.0% in the fourth quarter. Old North State Trust LLC now owns 3,858 shares of the home improvement retailer’s stock worth $930,000 after acquiring an additional 2,327 shares during the period. J. Derek Lewis & Associates Inc. bought a new stake in Lowe’s Companies in the fourth quarter valued at $206,000. Foresight Global Investors Inc. increased its position in Lowe’s Companies by 3.9% during the 4th quarter. Foresight Global Investors Inc. now owns 1,192 shares of the home improvement retailer’s stock valued at $287,000 after purchasing an additional 45 shares during the period. Cornerstone Planning LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at $3,120,000. Finally, World Investment Advisors raised its holdings in Lowe’s Companies by 8.2% in the 4th quarter. World Investment Advisors now owns 29,285 shares of the home improvement retailer’s stock worth $7,062,000 after purchasing an additional 2,211 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 3.6%

Shares of LOW stock opened at $214.27 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $203.40 and a 12 month high of $293.06. The stock has a market cap of $120.14 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The company’s fifty day moving average price is $226.35 and its 200-day moving average price is $245.32.

Lowe’s Companies (NYSE:LOW) last released 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 firm had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders 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 yield of 2.3%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on LOW. Citigroup raised shares of Lowe’s Companies from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a research report on Tuesday, May 12th. Telsey Advisory Group reduced their price target on shares of Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. The Goldman Sachs Group decreased their price target on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Jefferies Financial Group lowered their price objective on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Mizuho cut their price objective on Lowe’s Companies from $294.00 to $280.00 and set an “outperform” 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 assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.