Alyeska Investment Group L.P. Takes Position in Lowe's Companies, Inc. $LOW

Key Points

• Alyeska Investment Group acquired 18,012 Lowe’s shares worth approximately $3.97 million during the second quarter. Institutional investors collectively own 74.06% of the company, while insiders sold nearly $5.8 million in stock over the past 90 days.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $258.53, despite several recent target reductions. Lowe’s shares opened at $200.08, near their one-year low of $199.39.
• Lowe’s exceeded quarterly EPS expectations with $4.40 versus the $4.22 consensus, while revenue rose 8.3% year over year to $25.96 billion. The company also declared a $1.25 quarterly dividend, or $5.00 annually, yielding about 2.5%.

Alyeska Investment Group L.P. bought a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,012 shares of the home improvement retailer's stock, valued at approximately $3,971,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Providence Wealth Advisors LLC increased its stake in Lowe's Companies by 0.5% in the fourth quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer's stock valued at $1,959,000 after purchasing an additional 36 shares during the last quarter. First Command Advisory Services Inc. boosted its holdings in shares of Lowe's Companies by 1.3% in the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer's stock valued at $711,000 after buying an additional 38 shares in the last quarter. Smithbridge Asset Management Inc. DE boosted its holdings in shares of Lowe's Companies by 1.1% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock valued at $898,000 after buying an additional 39 shares in the last quarter. Sumitomo Life Insurance Co. grew its position in shares of Lowe's Companies by 0.6% in the 4th quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer's stock valued at $1,481,000 after buying an additional 39 shares during the last quarter. Finally, S&CO Inc. grew its position in shares of Lowe's Companies by 0.6% in the 4th quarter. S&CO Inc. now owns 6,403 shares of the home improvement retailer's stock valued at $1,544,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Insiders Place Their Bets

In other news, EVP Janice Dupre sold 14,150 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares of the company's stock, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president owned 20,220 shares of the company's stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research reports. TD Cowen reissued a "hold" rating and issued a $235.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Wells Fargo & Company dropped their price objective on Lowe's Companies from $255.00 to $245.00 and set an "overweight" rating on the stock in a report on Tuesday, August 11th. Robert W. Baird cut their target price on Lowe's Companies from $320.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, May 21st. Gordon Haskett reduced their target price on Lowe's Companies from $280.00 to $250.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Finally, Raymond James Financial cut Lowe's Companies from a "market perform" rating to a "market perform" rating in a research report on Tuesday, May 12th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average target price of $258.53.

Lowe's Companies Stock Performance

NYSE LOW opened at $200.08 on Wednesday. The firm has a market cap of $112.25 billion, a PE ratio of 16.91, a P/E/G ratio of 2.72 and a beta of 0.85. Lowe's Companies, Inc. has a one year low of $199.39 and a one year high of $293.06. The firm's fifty day moving average is $214.63 and its two-hundred day moving average is $229.29.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating analysts' consensus estimates of $4.22 by $0.18. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same period in the prior year, the company earned $4.33 earnings per share. The business's revenue was up 8.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Research analysts predict that Lowe's Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe's Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%. Lowe's Companies's dividend payout ratio is currently 42.27%.

Trending Headlines about Lowe's Companies

Here are the key news stories impacting Lowe's Companies this week:

• Positive Sentiment: Lowe’s Pro business, digital sales and Home Services continue to provide growth potential, supporting the company’s longer-term strategy even as DIY demand remains soft. Can Lowe's Pro Growth Justify Its Valuation Despite DIY Weakness?
• Positive Sentiment: Lowe’s Foundation launched a coalition with Nvidia, General Motors and more than 75 other companies to train and certify 1 million skilled-trades workers by 2035. The initiative could strengthen Lowe’s relationships with professional customers and help address the labor shortage over time, although it is unlikely to materially affect near-term earnings. Lowe's launches major effort to help close America's skilled trades gap
• Positive Sentiment: The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a yield of approximately 2.4%, offering continued income support for shareholders.
• Neutral Sentiment: Analysts remain somewhat constructive on Lowe’s longer-term prospects, but the stock has lagged the broader market and consumer-cyclical sector over the past year, reflecting investor concerns about valuation and demand.
• Negative Sentiment: Lowe’s cut its fiscal 2026 outlook as weaker DIY spending and housing pressure challenge growth in its Pro, online and Home Services businesses. The guidance reduction is the clearest near-term pressure on the stock and raises questions about how quickly growth investments can offset softness in the core retail business. Lowe's Cuts 2026 Outlook as DIY Pressure Tests Its Growth Engines

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source