Lowe’s Companies, Inc. $LOW Shares Purchased by Gibbs Wealth Management

Gibbs Wealth Management increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 122.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,819 shares of the home improvement retailer’s stock after purchasing an additional 4,856 shares during the quarter. Gibbs Wealth Management’s holdings in Lowe’s Companies were worth $2,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Natixis Advisors LLC grew its holdings in shares of Lowe’s Companies by 3.5% during the fourth quarter. Natixis Advisors LLC now owns 630,956 shares of the home improvement retailer’s stock worth $152,161,000 after buying an additional 21,119 shares in the last quarter. Bridges Investment Management Inc. lifted its stake in shares of Lowe’s Companies by 6.1% in the fourth quarter. Bridges Investment Management Inc. now owns 446,441 shares of the home improvement retailer’s stock worth $107,664,000 after buying an additional 25,609 shares in the last quarter. Glenview Trust Co boosted its position in Lowe’s Companies by 9.0% during the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock worth $50,112,000 after acquiring an additional 17,225 shares during the last quarter. Kathmere Capital Management LLC grew its stake in Lowe’s Companies by 133.9% during the 1st quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock valued at $2,222,000 after acquiring an additional 5,383 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in Lowe’s Companies by 2.3% in the 4th quarter. LPL Financial LLC now owns 993,332 shares of the home improvement retailer’s stock valued at $239,552,000 after acquiring an additional 22,175 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

NYSE LOW opened at $201.87 on Friday. The firm’s fifty day moving average price is $215.44 and its 200 day moving average price is $240.45. Lowe’s Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06. The company has a market capitalization of $113.19 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 2.58 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.06. The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. Lowe’s Companies’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Sanford C. Bernstein lowered their target price on Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. UBS Group cut their price objective on shares of Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Royal Bank Of Canada dropped their price target on shares of Lowe’s Companies from $264.00 to $232.00 and set a “sector perform” rating for the company in a research note on Thursday, May 21st. Jefferies Financial Group dropped their price target on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, TD Cowen lowered their price objective on shares of Lowe’s Companies from $280.00 to $235.00 and set a “hold” rating for the company in a research note on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.57.

Insider Buying and Selling

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the sale, the executive vice president directly owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction on 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 transaction, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,980 shares of company stock worth $5,796,937 in the last quarter. 0.29% of the stock is owned by insiders.

Lowe’s Companies Company 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.