Lowe’s Companies, Inc. $LOW Shares Purchased by Jennison Associates LLC

Jennison Associates LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 682,688 shares of the home improvement retailer’s stock after purchasing an additional 13,132 shares during the period. Jennison Associates LLC’s holdings in Lowe’s Companies were worth $164,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Lowe’s Companies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after purchasing an additional 924,625 shares during the last quarter. State Street Corp increased its position in Lowe’s Companies by 0.5% during the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the last quarter. Northern Trust Corp increased its position in Lowe’s Companies by 1.5% during the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after purchasing an additional 103,827 shares during the last quarter. Invesco Ltd. increased its position in Lowe’s Companies by 5.2% during the third quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock worth $1,213,921,000 after purchasing an additional 240,123 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Lowe’s Companies by 12.1% during the third quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock worth $1,079,320,000 after buying an additional 463,012 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LOW shares. Wolfe Research decreased their price objective on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. KGI Securities started 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. Guggenheim boosted their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Telsey Advisory Group boosted their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Finally, Evercore decreased their price objective on shares of Lowe’s Companies from $250.00 to $245.00 in a research note on Tuesday, March 31st. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $289.10.

Lowe’s Companies Trading Up 0.8%

Shares of LOW stock opened at $235.37 on Thursday. The company has a market capitalization of $131.82 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 5.27 and a beta of 0.97. The firm has a fifty day simple moving average of $246.18 and a 200-day simple moving average of $249.89. Lowe’s Companies, Inc. has a twelve month low of $210.33 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. The business had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities research analysts predict that Lowe’s Companies, Inc. will post 12.61 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Lowe’s Companies’s dividend payout ratio is 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.