Jefferies Financial Group Inc. Cuts Stake in Lowe’s Companies, Inc. $LOW

Jefferies Financial Group Inc. lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 56.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,665 shares of the home improvement retailer’s stock after selling 31,587 shares during the period. Jefferies Financial Group Inc.’s holdings in Lowe’s Companies were worth $5,948,000 at the end of the most recent reporting period.

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

Lowe’s Companies Trading Up 0.1%

NYSE LOW opened at $215.29 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $208.00 and a 12 month high of $293.06. The stock has a market cap of $120.57 billion, a P/E ratio of 18.20, a P/E/G ratio of 4.14 and a beta of 0.91. The stock’s fifty day moving average price is $234.28 and its 200-day moving average price is $247.95.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $22.98 billion. During the same period last year, the firm posted $2.92 earnings per share. Lowe’s Companies’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. As a group, analysts forecast that Lowe’s Companies, Inc. will post 12.52 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is 40.57%.

Analyst Upgrades and Downgrades

LOW has been the subject of several recent research reports. Rothschild & Co Redburn boosted their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. HSBC lowered their price objective on Lowe’s Companies from $260.00 to $220.00 and set a “hold” rating for the company in a research report on Thursday, May 21st. Evercore lowered their price objective on Lowe’s Companies from $250.00 to $230.00 in a research report on Thursday, May 21st. Truist Financial lowered their price objective on Lowe’s Companies from $280.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Telsey Advisory Group lowered their price objective on Lowe’s Companies from $295.00 to $280.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty-three investment 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $264.57.

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.