Flagship Harbor Advisors LLC Reduces Stock Holdings in Lowe’s Companies, Inc. $LOW

Flagship Harbor Advisors LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 42.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,626 shares of the home improvement retailer’s stock after selling 2,704 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Lowe’s Companies were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LOW. Wellington Management Group LLP increased its holdings in shares of Lowe’s Companies by 102.0% during the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after acquiring an additional 2,122,622 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Lowe’s Companies by 207.2% during the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after acquiring an additional 1,388,133 shares in the last quarter. Worldquant Millennium Advisors LLC increased 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 acquiring an additional 791,526 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Lowe’s Companies by 101.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after acquiring an additional 626,829 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Lowe’s Companies by 45.5% during the third quarter. Alliancebernstein L.P. now owns 1,899,114 shares of the home improvement retailer’s stock valued at $477,266,000 after acquiring an additional 593,779 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Activity

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

Lowe’s Companies Trading Up 5.2%

NYSE LOW opened at $243.72 on Thursday. The stock’s 50 day moving average is $256.06 and its 200 day moving average is $250.16. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The stock has a market cap of $136.50 billion, a PE ratio of 20.57, a P/E/G ratio of 5.02 and a beta of 0.97.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the previous year, the company posted $1.93 EPS. The company’s 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. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LOW shares. Citigroup increased their price objective on Lowe’s Companies from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Gordon Haskett dropped their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, February 26th. UBS Group dropped their price objective on Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $289.24.

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.