Wealth Enhancement Advisory Services LLC Lowers Stake in Lowe’s Companies, Inc. $LOW

Wealth Enhancement Advisory Services LLC reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 405,559 shares of the home improvement retailer’s stock after selling 20,566 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Lowe’s Companies worth $100,153,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Maj Invest Holding A S increased its stake in Lowe’s Companies by 15.7% in the third quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock valued at $201,801,000 after purchasing an additional 108,813 shares during the last quarter. Bridges Investment Management Inc. boosted its stake in Lowe’s Companies by 13.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after buying an additional 49,858 shares during the last quarter. Facet Wealth Inc. purchased a new stake in Lowe’s Companies in the 3rd quarter valued at about $558,000. Prudential Financial Inc. grew its holdings in Lowe’s Companies by 0.7% in the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after buying an additional 5,820 shares during the period. Finally, National Pension Service increased its stake in shares of Lowe’s Companies by 2.7% during the 3rd quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock valued at $323,381,000 after acquiring an additional 33,686 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE LOW opened at $225.03 on Friday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $293.06. The firm has a market capitalization of $126.23 billion, a P/E ratio of 18.99, a P/E/G ratio of 4.88 and a beta of 0.98. The business’s 50-day simple moving average is $266.50 and its 200-day simple moving average is $253.27.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.58 billion during the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The company’s revenue 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. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.1%. Lowe’s Companies’s dividend payout ratio is presently 40.51%.

Insider Activity 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 shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LOW. Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. UBS Group lowered their target price on shares of Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Truist Financial dropped their price target on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Guggenheim increased their price target on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, KGI Securities assumed coverage on shares of Lowe’s Companies in a report on Tuesday, March 10th. They issued a “neutral” rating and a $255.00 price target on the stock. Twenty-one research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $289.76.

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.