Easterly Investment Partners LLC Has $5.55 Million Position in Lowe’s Companies, Inc. $LOW

Easterly Investment Partners LLC increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2,066.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,008 shares of the home improvement retailer’s stock after buying an additional 21,946 shares during the period. Easterly Investment Partners LLC’s holdings in Lowe’s Companies were worth $5,549,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora grew its holdings in 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 valued at $29,000 after purchasing an additional 42 shares during the last quarter. United Financial Planning Group LLC acquired a new position in Lowe’s Companies during the third quarter valued at approximately $31,000. Triumph Capital Management acquired a new position in Lowe’s Companies during the third quarter valued at approximately $34,000. Guerra Advisors Inc acquired a new position in Lowe’s Companies during the third quarter valued at approximately $35,000. Finally, Financial Life Planners acquired a new position in Lowe’s Companies during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LOW shares. The Goldman Sachs Group lowered their price target on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. HSBC lowered their price target on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. KeyCorp lowered their price objective on shares of Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Piper Sandler lowered their price objective on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, BTIG Research downgraded shares of Lowe’s Companies to a “reduce” rating in a research note on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Trading Up 0.0%

Shares of Lowe’s Companies stock opened at $214.45 on Monday. The company’s fifty day simple moving average is $232.49 and its 200-day simple moving average is $247.46. The company has a market cap of $120.25 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.70 and a beta of 0.87. Lowe’s Companies, Inc. has a 1 year low of $208.00 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.06. The business 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%. Lowe’s Companies’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. This is an increase 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 dividend payout ratio (DPR) is 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.