Eventide Asset Management LLC Raises Position in Lowe’s Companies, Inc. $LOW

Eventide Asset Management LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 170,628 shares of the home improvement retailer’s stock after purchasing an additional 8,174 shares during the period. Eventide Asset Management LLC’s holdings in Lowe’s Companies were worth $41,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bontempo Ohly Capital Mgmt LLC boosted its holdings in Lowe’s Companies by 0.3% in the 4th quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,112 shares of the home improvement retailer’s stock worth $4,368,000 after buying an additional 59 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Lowe’s Companies by 0.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,364,151 shares of the home improvement retailer’s stock worth $570,139,000 after buying an additional 18,333 shares during the period. Atlas Capital Advisors Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at $235,000. Ally Financial Inc. bought a new position in Lowe’s Companies in the 4th quarter valued at $1,688,000. Finally, Aptus Capital Advisors LLC boosted its holdings in Lowe’s Companies by 4.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 143,084 shares of the home improvement retailer’s stock valued at $34,506,000 after purchasing an additional 5,475 shares during the period. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on LOW shares. Weiss Ratings downgraded shares of Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. The Goldman Sachs Group cut their price target on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Robert W. Baird cut their price target on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Oppenheimer cut their price target on shares of Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Finally, Sanford C. Bernstein cut their price target on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $220.57 on Friday. The firm’s fifty day moving average price is $228.38 and its 200-day moving average price is $246.14. The stock has a market cap of $123.67 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 2.79 and a beta of 0.86. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, analysts predict that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $1.25 per share. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio is 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.