Arax Advisory Partners Sells 5,766 Shares of Lowe’s Companies, Inc. $LOW

Arax Advisory Partners decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 37.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,498 shares of the home improvement retailer’s stock after selling 5,766 shares during the quarter. Arax Advisory Partners’ holdings in Lowe’s Companies were worth $2,291,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LOW. Swiss RE Ltd. bought a new position in Lowe’s Companies during the fourth quarter valued at about $25,000. Wilkerson Advisory Group LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $27,000. OLD Second National Bank of Aurora lifted 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 purchased a new stake in Lowe’s Companies during the third quarter valued at about $31,000. Finally, Triumph Capital Management purchased a new stake in Lowe’s Companies during the third quarter valued at about $34,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LOW shares. Telsey Advisory Group dropped their price objective 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. Truist Financial dropped their price objective on shares of Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. KeyCorp dropped 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 report on Thursday, May 21st. Rothschild & Co Redburn upped their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Gordon Haskett dropped their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a 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 issued a Sell rating to the stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $264.57.

Lowe’s Companies Trading Down 0.1%

Shares of Lowe’s Companies stock opened at $220.57 on Monday. Lowe’s Companies, Inc. has a 12-month low of $203.40 and a 12-month high of $293.06. 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 0.87. The company’s 50-day moving average price is $228.38 and its 200-day moving average price is $246.26.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same period in the prior year, the firm posted $2.92 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Lowe’s Companies’s payout ratio is currently 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.