7,000 Shares in Lowe's Companies, Inc. $LOW Acquired by Ally Financial Inc.

Ally Financial Inc. bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,000 shares of the home improvement retailer's stock, valued at approximately $1,688,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Lowe's Companies by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer's stock worth $13,560,617,000 after purchasing an additional 924,625 shares during the last quarter. State Street Corp grew its stake in Lowe's Companies by 0.5% in the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer's stock valued at $6,291,867,000 after acquiring an additional 124,501 shares during the period. Geode Capital Management LLC raised its stake in shares of Lowe's Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer's stock valued at $3,201,329,000 after purchasing an additional 887,579 shares during the period. Norges Bank acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at about $1,993,697,000. Finally, Northern Trust Corp raised its stake in shares of Lowe's Companies by 1.5% in the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer's stock valued at $1,716,467,000 after purchasing an additional 103,827 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LOW shares. Mizuho cut their price target on shares of Lowe's Companies from $294.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, May 21st. UBS Group lowered their price target on Lowe's Companies from $315.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Rothschild & Co Redburn boosted their price target on Lowe's Companies from $280.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Sanford C. Bernstein decreased their target price on Lowe's Companies from $303.00 to $281.00 and set an "outperform" rating on the stock in a research report on Thursday, May 14th. Finally, Argus upped their target price on Lowe's Companies from $286.00 to $288.00 and gave the company a "buy" rating in a research report on Monday, March 2nd. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $264.57.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $220.57 on Friday. The stock's fifty day moving average price is $228.38 and its two-hundred day moving average price is $246.14. The company has a market cap of $123.67 billion, a PE ratio of 18.64, a P/E/G ratio of 2.79 and a beta of 0.86. Lowe's Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company's revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.92 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, equities analysts predict that Lowe's Companies, Inc. will post 12.48 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. 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. This is a positive change from Lowe's Companies's previous quarterly dividend of $1.20. Lowe's Companies's dividend payout ratio is currently 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.

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