Jefferies Financial Group Inc. Raises Holdings in Lowe’s Companies, Inc. $LOW

Jefferies Financial Group Inc. lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 134.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,252 shares of the home improvement retailer’s stock after purchasing an additional 32,240 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Lowe’s Companies were worth $14,137,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in Lowe’s Companies during the 2nd quarter worth approximately $1,773,624,000. Victory Capital Management Inc. raised its holdings in shares of Lowe’s Companies by 207.2% in the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after buying an additional 1,388,133 shares during the last quarter. Tableaux LLC purchased a new position in shares of Lowe’s Companies in the second quarter worth $282,884,000. Laurel Wealth Advisors LLC lifted its stake in shares of Lowe’s Companies by 22,167.5% during the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after buying an additional 1,027,683 shares during the period. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Lowe’s Companies by 243.2% during the second quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock valued at $247,817,000 after buying an additional 791,526 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

NYSE LOW opened at $251.89 on Monday. The company has a market capitalization of $141.30 billion, a PE ratio of 21.26, a P/E/G ratio of 5.47 and a beta of 0.98. The company has a fifty day moving average of $268.21 and a 200 day moving average of $254.60. Lowe’s Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $293.06.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen cut their target price on 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. Bank of America lowered their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Piper Sandler reissued an “overweight” rating and issued a $300.00 price objective (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. JPMorgan Chase & Co. raised their price objective on Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, Wells Fargo & Company lifted their target price on Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $291.00.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

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.