Easterly Investment Partners LLC Purchases 21,946 Shares of Lowe’s Companies, Inc. $LOW

Easterly Investment Partners LLC increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2,066.5% in the 4th quarter, Holdings Channel reports. The firm owned 23,008 shares of the home improvement retailer’s stock after buying an additional 21,946 shares during the quarter. Easterly Investment Partners LLC’s holdings in Lowe’s Companies were worth $5,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Financial Planning Group LLC bought a new position in Lowe’s Companies in the third quarter worth $31,000. OLD Second National Bank of Aurora lifted its position in Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 42 shares during the period. Triumph Capital Management bought a new position in shares of Lowe’s Companies during the third quarter valued at $34,000. Guerra Advisors Inc bought a new position in shares of Lowe’s Companies during the third quarter valued at $35,000. Finally, Financial Life Planners bought a new position in shares of Lowe’s Companies during the third quarter valued at $36,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $214.45 on Monday. Lowe’s Companies, Inc. has a twelve month low of $208.00 and a twelve month high of $293.06. The firm has a market cap of $120.25 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.87. The business has a fifty day moving average of $232.49 and a 200-day moving average of $247.46.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The firm had revenue of $23.08 billion during the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.5 EPS for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a $1.25 dividend. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. Lowe’s Companies’s dividend payout ratio is 40.57%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOW. KGI Securities began coverage on Lowe’s Companies in a report on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price objective for the company. Gordon Haskett cut their price objective on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, May 21st. UBS Group cut their price objective on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Stifel Nicolaus cut their price objective on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Weiss Ratings cut Lowe’s Companies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 4th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $264.57.

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.