Smith Chas P & Associates PA Cpas Purchases Shares of 23,852 Lowe’s Companies, Inc. $LOW

Smith Chas P & Associates PA Cpas purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 23,852 shares of the home improvement retailer’s stock, valued at approximately $5,752,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Providence Wealth Advisors LLC lifted its stake in Lowe’s Companies by 0.5% during the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after buying an additional 36 shares in the last quarter. Rather & Kittrell Inc. lifted its stake in Lowe’s Companies by 0.4% during the fourth quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer’s stock valued at $2,503,000 after buying an additional 38 shares in the last quarter. Walkner Condon Financial Advisors LLC lifted its stake in Lowe’s Companies by 4.3% during the fourth quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 39 shares in the last quarter. Berger Financial Group Inc lifted its stake in Lowe’s Companies by 3.6% during the fourth quarter. Berger Financial Group Inc now owns 1,165 shares of the home improvement retailer’s stock valued at $281,000 after buying an additional 40 shares in the last quarter. Finally, S&CO Inc. lifted its stake in Lowe’s Companies by 0.6% during the fourth quarter. S&CO Inc. now owns 6,403 shares of the home improvement retailer’s stock valued at $1,544,000 after buying an additional 40 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on shares of Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Benchmark initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They set a “hold” rating for the company. Raymond James Financial lowered shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. KGI Securities initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price objective for the company. Finally, Piper Sandler reduced their price objective on shares of Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Price Performance

Shares of LOW opened at $217.17 on Thursday. The company has a market capitalization of $121.63 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 4.60 and a beta of 0.91. Lowe’s Companies, Inc. has a fifty-two week low of $208.00 and a fifty-two week high of $293.06. The business’s 50-day moving average is $233.26 and its 200-day moving average is $247.70.

Lowe’s Companies (NYSE:LOW) last issued its 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 company had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were issued a $1.20 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is currently 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.