Lowe’s Companies, Inc. $LOW Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,371 shares of the home improvement retailer’s stock after selling 5,439 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Lowe’s Companies were worth $38,193,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. United Financial Planning Group LLC acquired a new position in Lowe’s Companies in the third quarter valued at $31,000. OLD Second National Bank of Aurora boosted its holdings in Lowe’s Companies by 52.5% in 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 last quarter. Triumph Capital Management acquired a new position in Lowe’s Companies in the third quarter valued at $34,000. Guerra Advisors Inc acquired a new position in Lowe’s Companies in the third quarter valued at $35,000. Finally, Financial Life Planners acquired a new position in Lowe’s Companies in the third quarter valued at $36,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. BNP Paribas Exane reduced their target price on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a report on Thursday, May 21st. Argus lifted their target price on Lowe’s Companies from $286.00 to $288.00 and gave the company a “buy” rating in a report on Monday, March 2nd. UBS Group reduced their target price on Lowe’s Companies from $315.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wolfe Research set a $254.00 target price on Lowe’s Companies in a report on Thursday, May 21st. Finally, Wells Fargo & Company reduced their target price on Lowe’s Companies from $260.00 to $255.00 and set an “overweight” rating on the stock in a 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 issued a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Price Performance

Shares of LOW opened at $214.45 on Monday. The stock’s 50-day moving average is $232.49 and its two-hundred day moving average is $247.46. The stock has a market cap of $120.25 billion, a PE ratio of 18.13, a P/E/G ratio of 2.70 and a beta of 0.87. Lowe’s Companies, Inc. has a 12 month low of $208.00 and a 12 month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The company had revenue of $23.08 billion for the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.92 earnings per share. 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 12.5 earnings per share for the current year.

Lowe’s Companies Increases Dividend

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

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.