Xponance LLC Has $21.28 Million Stake in Lowe’s Companies, Inc. $LOW

Xponance LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 88,247 shares of the home improvement retailer’s stock after acquiring an additional 4,987 shares during the period. Xponance LLC’s holdings in Lowe’s Companies were worth $21,282,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. UniSuper Management Pty Ltd grew its position in shares of Lowe’s Companies by 1.6% during the 4th quarter. UniSuper Management Pty Ltd now owns 42,748 shares of the home improvement retailer’s stock worth $10,309,000 after buying an additional 690 shares during the period. Canopy Partners LLC boosted its stake in Lowe’s Companies by 8.1% during the 4th quarter. Canopy Partners LLC now owns 3,259 shares of the home improvement retailer’s stock worth $786,000 after acquiring an additional 244 shares during the last quarter. Keel Point LLC boosted its stake in Lowe’s Companies by 1.5% during the 4th quarter. Keel Point LLC now owns 13,173 shares of the home improvement retailer’s stock worth $3,177,000 after acquiring an additional 197 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Lowe’s Companies by 3.6% during the 4th quarter. IFM Investors Pty Ltd now owns 120,271 shares of the home improvement retailer’s stock worth $29,005,000 after acquiring an additional 4,162 shares during the last quarter. Finally, Winning Points Advisors LLC bought a new position in Lowe’s Companies during the 4th quarter worth approximately $396,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of several recent analyst reports. TD Cowen reduced their price objective on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating on the stock in a research note on Thursday, May 21st. UBS Group reduced their price objective on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Craig Hallum raised shares of Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. reduced their price objective on shares of Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Finally, Mizuho reduced their price objective on shares of Lowe’s Companies from $294.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Twenty-three investment 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’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.57.

Lowe’s Companies Stock Performance

Shares of LOW opened at $221.45 on Friday. Lowe’s Companies, Inc. has a twelve month low of $203.40 and a twelve month high of $293.06. The firm’s 50 day moving average price is $228.68 and its two-hundred day moving average price is $246.32. The firm has a market cap of $124.17 billion, a P/E ratio of 18.72, a PEG ratio of 2.73 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.92 earnings per share. 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 12.48 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. 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 presently 40.57%.

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.