Exchange Traded Concepts LLC Sells 40,219 Shares of Lowe’s Companies, Inc. $LOW

Exchange Traded Concepts LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 75.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,223 shares of the home improvement retailer’s stock after selling 40,219 shares during the period. Exchange Traded Concepts LLC’s holdings in Lowe’s Companies were worth $3,189,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Maj Invest Holding A S lifted its position in shares of Lowe’s Companies by 15.7% in the third quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after purchasing an additional 108,813 shares in the last quarter. Bridges Investment Management Inc. boosted its holdings in Lowe’s Companies by 13.4% during the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock worth $105,759,000 after purchasing an additional 49,858 shares during the last quarter. Facet Wealth Inc. bought a new position in Lowe’s Companies in the third quarter valued at $558,000. National Pension Service grew its position in Lowe’s Companies by 2.7% in the third quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock valued at $323,381,000 after purchasing an additional 33,686 shares in the last quarter. Finally, Brighton Jones LLC increased its stake in Lowe’s Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.27% of the stock is owned by corporate insiders.

Lowe’s Companies Price Performance

Shares of LOW opened at $236.13 on Wednesday. The firm has a 50-day moving average of $260.88 and a 200-day moving average of $251.47. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $293.06. The company has a market cap of $132.25 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 5.05 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.04. The company had revenue of $20.59 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%. Lowe’s Companies’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be paid a $1.20 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a yield of 2.0%. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LOW shares. Evercore cut their price target on shares of Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Mizuho lifted their target price on Lowe’s Companies from $272.00 to $294.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Argus upped their target price on Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Sanford C. Bernstein reduced their price target on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Wells Fargo & Company raised their price target on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. Twenty-two research 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, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $289.76.

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.