Ameriflex Group Inc. Boosts Stock Position in Lowe’s Companies, Inc. $LOW

Ameriflex Group Inc. lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 116.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,706 shares of the home improvement retailer’s stock after buying an additional 2,535 shares during the quarter. Ameriflex Group Inc.’s holdings in Lowe’s Companies were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Lowe’s Companies by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock valued at $13,898,992,000 after buying an additional 329,807 shares in the last quarter. State Street Corp grew its stake in shares of Lowe’s Companies by 0.8% in the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock worth $5,527,176,000 after acquiring an additional 207,826 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lowe’s Companies by 0.3% during the second quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after acquiring an additional 42,190 shares in the last quarter. Norges Bank purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth about $1,773,624,000. Finally, Bank of New York Mellon Corp boosted its stake in Lowe’s Companies by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock worth $1,079,320,000 after purchasing an additional 463,012 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on 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. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Stock Down 1.1%

NYSE:LOW opened at $251.89 on Friday. The stock has a market capitalization of $141.30 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 5.53 and a beta of 0.98. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06. The firm has a 50 day moving average of $268.21 and a 200 day moving average of $254.63.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Oppenheimer decreased their target price on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, December 5th. JPMorgan Chase & Co. increased their price target on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Monday, February 9th. HSBC reduced their price target on shares of Lowe’s Companies from $285.00 to $263.00 and set a “hold” rating for the company in a research report on Friday, November 21st. Wolfe Research lowered their price objective on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 4th. Finally, Robert W. Baird increased their target price on Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Twenty-one analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $291.64.

Lowe’s Companies 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.