NewEdge Advisors LLC Grows Position in Lowe’s Companies, Inc. $LOW

NewEdge Advisors LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 139.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 245,098 shares of the home improvement retailer’s stock after purchasing an additional 142,938 shares during the quarter. NewEdge Advisors LLC’s holdings in Lowe’s Companies were worth $57,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after acquiring an additional 17,413 shares during the period. Revolve Wealth Partners LLC grew its holdings in Lowe’s Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC grew its holdings in Lowe’s Companies by 22.3% in the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 280 shares during the period. United Bank increased its stake in shares of Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock valued at $2,690,000 after purchasing an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its stake in shares of Lowe’s Companies by 13.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock valued at $528,000 after purchasing an additional 275 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LOW shares. DA Davidson reiterated a “neutral” rating and set a $275.00 target price on shares of Lowe’s Companies in a report on Wednesday, May 20th. BTIG Research lowered Lowe’s Companies to a “reduce” rating in a research report on Tuesday, May 12th. Jefferies Financial Group lowered their price objective on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Piper Sandler dropped their target price on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a report on Thursday, May 21st. Finally, Oppenheimer dropped their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Twenty-three 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 data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $263.67.

Lowe’s Companies Trading Down 0.7%

Lowe’s Companies stock opened at $218.34 on Friday. Lowe’s Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06. The stock has a fifty day simple moving average of $214.81 and a two-hundred day simple moving average of $236.95. The firm has a market cap of $122.43 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.78 and a beta of 0.86.

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, beating 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 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 company posted $2.92 earnings per share. The company’s quarterly revenue 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, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.46 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, July 22nd. 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. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Insider Activity

In other news, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares of the company’s stock, valued at $8,828,291.50. This trade represents a 26.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the sale, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,980 shares of company stock valued at $5,796,937 in the last 90 days. 0.29% of the stock is currently owned by insiders.

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.