Lowe’s Companies, Inc. $LOW Shares Sold by Solidarity Wealth LLC

Solidarity Wealth LLC cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 70.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 866 shares of the home improvement retailer’s stock after selling 2,085 shares during the quarter. Solidarity Wealth LLC’s holdings in Lowe’s Companies were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Maj Invest Holding A S grew its holdings in shares of 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 in the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Lowe’s Companies by 13.4% in the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock valued at $105,759,000 after purchasing an additional 49,858 shares in the last quarter. Facet Wealth Inc. acquired a new position in shares of Lowe’s Companies in the third quarter valued at approximately $558,000. National Pension Service grew its holdings in shares of Lowe’s Companies by 2.7% in the third quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock valued at $323,381,000 after purchasing an additional 33,686 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Lowe’s Companies by 119.7% in the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LOW. Truist Financial lowered their target price on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Morgan Stanley boosted their target price on Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Barclays raised Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price for the company in a research note on Wednesday, January 7th. Robert W. Baird boosted their target price on Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Evercore lowered their target price on Lowe’s Companies from $250.00 to $245.00 in a research note on Tuesday, March 31st. Twenty-two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $289.24.

Lowe’s Companies Stock Down 0.9%

NYSE LOW opened at $244.27 on Friday. Lowe’s Companies, Inc. has a 52 week low of $210.33 and a 52 week high of $293.06. The stock has a market capitalization of $136.81 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 5.36 and a beta of 0.97. The firm has a 50 day moving average of $248.86 and a two-hundred day moving average of $249.73.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.93 EPS. 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 12.61 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

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 dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

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.