Legal & General Group Plc Buys 80,537 Shares of Lowe’s Companies, Inc. $LOW

Legal & General Group Plc raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,822,992 shares of the home improvement retailer’s stock after buying an additional 80,537 shares during the period. Legal & General Group Plc’s holdings in Lowe’s Companies were worth $960,756,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Howard Hughes Medical Institute bought a new stake in shares of Lowe’s Companies during the second quarter valued at approximately $27,000. Activest Wealth Management grew its stake in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Traub Capital Management LLC bought a new position in Lowe’s Companies in the second quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 76 shares during the period. Finally, Guerra Advisors Inc purchased a new position in Lowe’s Companies during the 3rd quarter worth $35,000. 74.06% of the stock is currently owned by institutional investors.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Down 0.7%

Shares of NYSE:LOW opened at $250.24 on Tuesday. The company has a market capitalization of $140.37 billion, a PE ratio of 21.12, a P/E/G ratio of 5.47 and a beta of 0.98. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $293.06. The business’s fifty day simple moving average is $268.33 and its 200-day simple moving average is $254.56.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. During the same period in the prior year, the business posted $1.93 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LOW shares. DA Davidson reiterated a “neutral” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, February 26th. Sanford C. Bernstein decreased their price objective on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Mizuho upped their price objective on shares of Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Rothschild & Co Redburn increased their target price on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, TD Cowen cut their target price on shares of Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating on the stock in a research report on Thursday, February 26th. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $291.00.

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.