OFI Invest Asset Management Grows Stake in Lowe’s Companies, Inc. $LOW

OFI Invest Asset Management grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2,172.6% during the fourth quarter, HoldingsChannel reports. The fund owned 77,382 shares of the home improvement retailer’s stock after purchasing an additional 73,977 shares during the period. OFI Invest Asset Management’s holdings in Lowe’s Companies were worth $18,661,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its holdings in shares of Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. United Financial Planning Group LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $31,000. Triumph Capital Management purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $34,000. Guerra Advisors Inc acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $35,000. Finally, Financial Life Planners acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 5.2%

Lowe’s Companies stock opened at $243.72 on Thursday. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06. The stock has a 50 day moving average of $256.06 and a two-hundred day moving average of $250.16. The stock has a market capitalization of $136.50 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 5.02 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $20.34 billion. During the same period last year, the firm earned $1.93 EPS. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.51%.

Analysts Set New Price Targets

LOW has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price on Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. TD Cowen decreased their target price on Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating for the company in a research report on Thursday, February 26th. Rothschild & Co Redburn upped their target price on Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Gordon Haskett decreased their target price on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Citigroup upped their target price on Lowe’s Companies from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $289.24.

Lowe’s Companies Company 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.