Nissay Asset Management Corp Japan Has $16.56 Million Position in Lowe’s Companies, Inc. $LOW

Nissay Asset Management Corp Japan raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 4.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 75,116 shares of the home improvement retailer’s stock after acquiring an additional 2,882 shares during the period. Nissay Asset Management Corp Japan’s holdings in Lowe’s Companies were worth $16,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings 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 worth $7,889,000 after purchasing an additional 17,413 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after buying an additional 259 shares during the period. Sivia Capital Partners LLC increased its position in shares of Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after buying an additional 280 shares during the period. United Bank raised its stake in Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after buying an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. lifted its holdings in Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock valued at $528,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.7%

Shares of LOW opened at $208.20 on Friday. Lowe’s Companies, Inc. has a 12-month low of $199.40 and a 12-month high of $293.06. The business’s fifty day moving average is $215.10 and its 200 day moving average is $230.79. The stock has a market cap of $116.74 billion, a P/E ratio of 17.60, a P/E/G ratio of 2.77 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the previous year, the business posted $4.33 EPS. Lowe’s Companies’s quarterly revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Insider Activity

In other news, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Janice Dupre sold 14,150 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares of the company’s stock, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,980 shares of company stock worth $5,796,937 over the last three months. 0.29% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOW. KeyCorp reissued an “overweight” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Jefferies Financial Group cut their target price on Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. HSBC decreased their target price on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. The Goldman Sachs Group dropped their price target on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, BNP Paribas Exane dropped their price target on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a research note on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $258.53.

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.