Fisher Asset Management LLC Decreases Position in Lowe’s Companies, Inc. $LOW

Fisher Asset Management LLC cut its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,819 shares of the home improvement retailer’s stock after selling 13,766 shares during the period. Fisher Asset Management LLC owned 0.07% of Lowe’s Companies worth $100,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Choate Investment Advisors raised its position in Lowe’s Companies by 5.1% during the fourth quarter. Choate Investment Advisors now owns 16,029 shares of the home improvement retailer’s stock valued at $3,866,000 after purchasing an additional 771 shares during the period. Rooted Wealth Advisors Inc. raised its position in Lowe’s Companies by 5.9% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 1,186 shares of the home improvement retailer’s stock valued at $286,000 after purchasing an additional 66 shares during the period. CYBER HORNET ETFs LLC raised its position in Lowe’s Companies by 5.6% during the fourth quarter. CYBER HORNET ETFs LLC now owns 1,644 shares of the home improvement retailer’s stock valued at $396,000 after purchasing an additional 87 shares during the period. Westover Capital Advisors LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at approximately $361,000. Finally, Clearstead Advisors LLC raised its position in Lowe’s Companies by 14.8% during the fourth quarter. Clearstead Advisors LLC now owns 46,917 shares of the home improvement retailer’s stock valued at $11,314,000 after purchasing an additional 6,048 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Raymond James Financial downgraded Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Wolfe Research set a $254.00 price target on Lowe’s Companies in a report on Thursday. DA Davidson reiterated a “neutral” rating and issued a $275.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 20th. Telsey Advisory Group reduced their price target on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Finally, Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Up 0.1%

Shares of NYSE:LOW opened at $215.29 on Tuesday. Lowe’s Companies, Inc. has a 52-week low of $208.00 and a 52-week high of $293.06. The stock has a market cap of $120.57 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 4.14 and a beta of 0.91. The business’s 50 day moving average is $234.28 and its 200 day moving average is $247.95.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the prior year, the firm earned $2.92 earnings per share. Lowe’s Companies’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. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.52 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.80 annualized dividend and a yield of 2.2%. Lowe’s Companies’s dividend payout ratio is 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.