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

Jennison Associates LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,388 shares of the home improvement retailer’s stock after purchasing an additional 61,839 shares during the period. Jennison Associates LLC owned approximately 0.06% of Lowe’s Companies worth $75,273,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Swiss RE Ltd. purchased a new position in shares of Lowe’s Companies in the 4th quarter worth $25,000. Wilkerson Advisory Group LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $27,000. OLD Second National Bank of Aurora grew its position in Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 42 shares during the period. Sankala Group LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at about $33,000. Finally, Triumph Capital Management acquired a new stake in Lowe’s Companies during the third quarter worth about $34,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares in the company, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,980 shares of company stock valued at $5,796,937 over the last 90 days. 0.29% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

Shares of LOW opened at $218.19 on Friday. The stock’s 50-day moving average is $216.00 and its two-hundred day moving average is $234.87. The stock has a market cap of $122.34 billion, a PE ratio of 18.44, a P/E/G ratio of 2.79 and a beta of 0.86. Lowe’s Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06.

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, topping the consensus estimate 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 company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the business earned $2.92 earnings per share. The company’s revenue 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. On average, research analysts anticipate that Lowe’s Companies, Inc. will post 12.44 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is 42.27%.

Analyst Ratings Changes

A number of equities analysts have recently commented on LOW shares. Oppenheimer cut their price objective on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Monday, May 18th. Craig Hallum upgraded Lowe’s Companies to a “buy” rating in a report on Tuesday, May 12th. Sanford C. Bernstein dropped their target price on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Benchmark initiated coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They issued a “hold” rating on the stock. Finally, Citigroup cut their price target on shares of Lowe’s Companies from $285.00 to $267.00 and set a “buy” rating on the stock in a report on Thursday. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $262.63.

Key Lowe’s Companies News

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s is described as trading at its lowest forward price-to-earnings multiple in more than two years. Its status as a Dividend King, along with a recent dividend increase, strengthens the long-term income-investment case. 1 Number That Makes Lowe’s Stock an Obvious Buy Before Aug. 19
• Positive Sentiment: Several analysts remain moderately optimistic despite the recent underperformance. Citigroup retained a “buy” rating while lowering its price target to $267 from $285, and Wells Fargo’s reduced target of $245 still implies meaningful upside from recent levels. Citigroup Lowe’s Price Target Update
• Positive Sentiment: Investor articles argue that a series of downward Q2 EPS estimate revisions may have lowered expectations and created the potential for a favorable earnings surprise. The longer-term bull case remains tied to Lowe’s brand strength, home-improvement demand and operating potential. Lowe’s Q2 EPS Revisions
• Neutral Sentiment: Wall Street projections for the quarter ended July 2026 are focusing on key operating metrics beyond revenue and EPS. The Aug. 19 report is the next major catalyst and could determine the near-term direction of the shares. Insights Into Lowe’s Q2 Wall Street Projections
• Neutral Sentiment: Lowe’s has completed a five-year, $100 million hometown revitalization commitment and announced additional community investments. These efforts may support brand reputation but are unlikely to materially affect near-term earnings. Is Lowe’s Companies Undervalued As Its Earnings Call Nears?
• Negative Sentiment: Royal Bank of Canada lowered its expectations for Lowe’s, adding to concerns about near-term performance ahead of earnings. The company also faces elevated expectations around its upcoming results despite recent estimate reductions. Royal Bank of Canada Lowe’s Expectations

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.