Lord Abbett & CO. LLC Has $235.43 Million Position in Lowe’s Companies, Inc. $LOW

Lord Abbett & CO. LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 976,256 shares of the home improvement retailer’s stock after selling 56,576 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Lowe’s Companies were worth $235,434,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Sumitomo Life Insurance Co. raised its position in shares of Lowe’s Companies by 0.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer’s stock worth $1,481,000 after purchasing an additional 39 shares during the period. Keystone Investors PTE Ltd. acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $778,000. Tudor Financial Inc. raised its position in shares of Lowe’s Companies by 2.9% during the fourth quarter. Tudor Financial Inc. now owns 8,566 shares of the home improvement retailer’s stock worth $2,066,000 after purchasing an additional 241 shares during the period. Allianz SE raised its position in shares of Lowe’s Companies by 0.3% during the fourth quarter. Allianz SE now owns 37,216 shares of the home improvement retailer’s stock worth $8,975,000 after purchasing an additional 120 shares during the period. Finally, Summit Financial LLC raised its position in shares of Lowe’s Companies by 1.2% during the fourth quarter. Summit Financial LLC now owns 26,155 shares of the home improvement retailer’s stock worth $6,307,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $220.57 on Friday. The business’s 50 day simple moving average is $228.38 and its 200 day simple moving average is $246.14. Lowe’s Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The firm has a market cap of $123.67 billion, a PE ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The business had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter last year, the firm earned $2.92 EPS. Lowe’s Companies’s revenue for the quarter was up 10.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 12.48 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is 40.57%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Truist Financial dropped their price target on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Piper Sandler dropped their price target on Lowe’s Companies from $300.00 to $276.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings lowered Lowe’s Companies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. The Goldman Sachs Group decreased their price objective on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Finally, Morgan Stanley dropped their target price on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $264.57.

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.