SBI Okasan Asset Management Co.Ltd. Invests $1.17 Million in Lowe’s Companies, Inc. $LOW

SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, Holdings Channel reports. The firm purchased 4,800 shares of the home improvement retailer’s stock, valued at approximately $1,170,000.

Other institutional investors also recently modified their holdings of the company. Activest Wealth Management increased its holdings in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares in the last quarter. United Financial Planning Group LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at approximately $31,000. OLD Second National Bank of Aurora raised its holdings in Lowe’s Companies by 52.5% in the 4th quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 42 shares during the last quarter. Triumph Capital Management bought a new position in Lowe’s Companies in the 3rd quarter valued at approximately $34,000. Finally, Guerra Advisors Inc bought a new position in Lowe’s Companies in the 3rd quarter valued at approximately $35,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LOW shares. JPMorgan Chase & Co. dropped their price objective on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Morgan Stanley decreased their price objective on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Jefferies Financial Group decreased their price objective on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Telsey Advisory Group decreased their price objective on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, Bank of America decreased their price objective on Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Trading Up 0.4%

Shares of Lowe’s Companies stock opened at $217.80 on Friday. The business has a 50-day moving average price of $232.82 and a two-hundred day moving average price of $247.59. Lowe’s Companies, Inc. has a 1-year low of $208.00 and a 1-year high of $293.06. The company has a market cap of $121.98 billion, a P/E ratio of 18.41, a PEG ratio of 4.70 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $22.98 billion. During the same period last year, the business posted $2.92 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 12.5 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 40.57%.

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.