Janus Henderson Group PLC Decreases Stock Position in Lowe’s Companies, Inc. $LOW

Janus Henderson Group PLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,172 shares of the home improvement retailer’s stock after selling 3,647 shares during the period. Janus Henderson Group PLC’s holdings in Lowe’s Companies were worth $17,286,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oddo BHF Asset Management Sas grew its position in Lowe’s Companies by 4.2% during the 1st quarter. Oddo BHF Asset Management Sas now owns 41,204 shares of the home improvement retailer’s stock worth $9,736,000 after acquiring an additional 1,665 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Lowe’s Companies by 48.9% during the first quarter. Strategic Investment Advisors MI now owns 2,781 shares of the home improvement retailer’s stock valued at $656,000 after purchasing an additional 913 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of Lowe’s Companies by 4.4% during the first quarter. Arkadios Wealth Advisors now owns 23,894 shares of the home improvement retailer’s stock valued at $5,646,000 after purchasing an additional 1,005 shares during the period. South Dakota Investment Council boosted its stake in shares of Lowe’s Companies by 1.9% during the first quarter. South Dakota Investment Council now owns 56,206 shares of the home improvement retailer’s stock valued at $13,280,000 after purchasing an additional 1,046 shares during the period. Finally, Altshuler Shaham Ltd bought a new position in shares of Lowe’s Companies in the first quarter worth approximately $791,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.1%

NYSE:LOW opened at $212.14 on Tuesday. The stock has a market cap of $118.95 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 2.62 and a beta of 0.86. The firm’s fifty day simple moving average is $214.62 and its 200 day simple moving average is $238.17. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate 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 business had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period in the prior year, the business earned $2.92 EPS. 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, analysts expect 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 given a dividend of $1.25 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Wall Street Analyst Weigh In

LOW has been the topic of several analyst reports. Evercore decreased their target price on shares of Lowe’s Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. DA Davidson reissued a “neutral” rating and set a $275.00 price target on shares of Lowe’s Companies in a research report on Wednesday, May 20th. HSBC cut their price target on shares of Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating on the stock in a report on Thursday, May 21st. Stifel Nicolaus decreased their price objective on shares of Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, The Goldman Sachs Group lowered their price objective 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. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $263.67.

Insider Buying and Selling

In related news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 over the last three months. Corporate insiders own 0.29% of the company’s stock.

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.