Schroder Investment Management Group Trims Stock Position in Lowe’s Companies, Inc. $LOW

Schroder Investment Management Group trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,617,915 shares of the home improvement retailer’s stock after selling 65,547 shares during the period. Schroder Investment Management Group owned 0.29% of Lowe’s Companies worth $406,598,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LOW. Norges Bank purchased a new stake in Lowe’s Companies in the second quarter worth $1,773,624,000. Victory Capital Management Inc. grew its position in shares of Lowe’s Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after buying an additional 1,388,133 shares during the period. Tableaux LLC bought a new position in shares of Lowe’s Companies in the 2nd quarter worth about $282,884,000. Laurel Wealth Advisors LLC lifted its position in Lowe’s Companies by 22,167.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after acquiring an additional 1,027,683 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its holdings in Lowe’s Companies by 243.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock worth $247,817,000 after purchasing an additional 791,526 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.1%

Shares of LOW stock opened at $251.89 on Monday. The company has a 50 day moving average price of $268.21 and a 200-day moving average price of $254.60. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06. The firm has a market capitalization of $141.30 billion, a PE ratio of 21.26, a P/E/G ratio of 5.47 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $20.58 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the prior year, the firm earned $1.93 earnings per share. The firm’s revenue for the quarter 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. Analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LOW. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Jefferies Financial Group reissued a “buy” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 25th. Evercore dropped their price target on shares of Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 3rd. Guggenheim raised their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, DA Davidson reiterated a “neutral” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, February 26th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $291.00.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is owned by insiders.

Lowe’s Companies 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.