Waycross Partners LLC Purchases 4,771 Shares of Lowe’s Companies, Inc. $LOW

Waycross Partners LLC boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 135,698 shares of the home improvement retailer’s stock after purchasing an additional 4,771 shares during the period. Lowe’s Companies accounts for approximately 2.7% of Waycross Partners LLC’s portfolio, making the stock its 13th largest holding. Waycross Partners LLC’s holdings in Lowe’s Companies were worth $32,725,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. TruWealth Advisors LLC lifted its holdings in shares of Lowe’s Companies by 2.7% during the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after acquiring an additional 42 shares during the period. Cypress Wealth Services LLC increased its stake in Lowe’s Companies by 2.0% in the third quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock valued at $551,000 after acquiring an additional 42 shares during the last quarter. Hidden Cove Wealth Management LLC raised its position in Lowe’s Companies by 4.6% during the third quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock valued at $241,000 after purchasing an additional 42 shares in the last quarter. Roble Belko & Company Inc raised its position in Lowe’s Companies by 21.4% during the third quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock valued at $63,000 after purchasing an additional 44 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in Lowe’s Companies by 1.3% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 3,320 shares of the home improvement retailer’s stock worth $801,000 after purchasing an additional 44 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their target price on Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a report on Monday, February 23rd. UBS Group dropped their price objective on Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Jefferies Financial Group reiterated a “buy” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 25th. Citigroup boosted their target price on Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Piper Sandler restated an “overweight” rating and issued a $300.00 price target (up from $294.00) on shares of Lowe’s Companies in a research note on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $289.76.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 2.5%

Shares of LOW stock opened at $230.07 on Friday. The firm has a market capitalization of $128.85 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 5.13 and a beta of 0.98. The business’s 50-day moving average price is $262.43 and its 200-day moving average price is $252.23. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the prior year, the firm posted $1.93 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

About Lowe’s Companies

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.