Anchor Capital Advisors LLC Acquires 11,305 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Anchor Capital Advisors increased its Lowe’s stake by 13.4% in the second quarter, acquiring 11,305 additional shares for a total of 95,564 shares valued at approximately $21.1 million. Institutional investors collectively own 74.06% of the company.
• Analysts maintain a generally positive outlook, with 23 Buy, 11 Hold, and two Sell ratings. Lowe’s has a consensus “Moderate Buy” rating and an average price target of $262.63, despite several recent target reductions.
• Lowe’s reported quarterly EPS of $3.03 and revenue of $23.08 billion, both ahead of estimates, while raising its quarterly dividend to $1.25 per share. Shares recently opened at $218.19, with the stock trading near the lower end of its 12-month range.

Anchor Capital Advisors LLC grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,564 shares of the home improvement retailer's stock after buying an additional 11,305 shares during the period. Anchor Capital Advisors LLC's holdings in Lowe's Companies were worth $21,071,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Lowe's Companies in the 4th quarter valued at $1,993,697,000. Price T Rowe Associates Inc. MD lifted its holdings in Lowe's Companies by 45.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,555,565 shares of the home improvement retailer's stock valued at $1,580,941,000 after purchasing an additional 2,039,343 shares during the last quarter. J. Stern & Co. LLP boosted its position in Lowe's Companies by 7,814.9% during the fourth quarter. J. Stern & Co. LLP now owns 1,490,369 shares of the home improvement retailer's stock worth $359,417,000 after purchasing an additional 1,471,539 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in Lowe's Companies during the fourth quarter worth $308,683,000. Finally, Vanguard Group Inc. boosted its position in Lowe's Companies by 1.7% during the fourth 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 period. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group dropped their price objective on shares of Lowe's Companies from $295.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, May 21st. Robert W. Baird reduced their target price on shares of Lowe's Companies from $320.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, May 21st. Royal Bank Of Canada decreased their price target on shares of Lowe's Companies from $232.00 to $231.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 12th. Jefferies Financial Group decreased their price target on shares of Lowe's Companies from $305.00 to $278.00 and set a "buy" rating on the stock in a research note on Thursday, May 21st. Finally, Oppenheimer lowered their price target on shares of Lowe's Companies from $315.00 to $275.00 and set an "outperform" rating on the stock in a report on Monday, May 18th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $262.63.

Key Headlines Impacting Lowe's Companies

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

• Positive Sentiment: Lowe’s is described as trading at its lowest forward price-to-earnings multiple in more than two years. Its status as a Dividend King, along with a recent dividend increase, strengthens the long-term income-investment case. 1 Number That Makes Lowe's Stock an Obvious Buy Before Aug. 19
• Positive Sentiment: Several analysts remain moderately optimistic despite the recent underperformance. Citigroup retained a “buy” rating while lowering its price target to $267 from $285, and Wells Fargo’s reduced target of $245 still implies meaningful upside from recent levels. Citigroup Lowe's Price Target Update
• Positive Sentiment: Investor articles argue that a series of downward Q2 EPS estimate revisions may have lowered expectations and created the potential for a favorable earnings surprise. The longer-term bull case remains tied to Lowe’s brand strength, home-improvement demand and operating potential. Lowe's Q2 EPS Revisions
• Neutral Sentiment: Wall Street projections for the quarter ended July 2026 are focusing on key operating metrics beyond revenue and EPS. The Aug. 19 report is the next major catalyst and could determine the near-term direction of the shares. Insights Into Lowe's Q2 Wall Street Projections
• Neutral Sentiment: Lowe’s has completed a five-year, $100 million hometown revitalization commitment and announced additional community investments. These efforts may support brand reputation but are unlikely to materially affect near-term earnings. Is Lowe's Companies Undervalued As Its Earnings Call Nears?
• Negative Sentiment: Royal Bank of Canada lowered its expectations for Lowe’s, adding to concerns about near-term performance ahead of earnings. The company also faces elevated expectations around its upcoming results despite recent estimate reductions. Royal Bank of Canada Lowe's Expectations

Insiders Place Their Bets

In other Lowe's Companies news, EVP Margrethe R. Vagell sold 2,500 shares of the firm's stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janice Dupre sold 14,150 shares of Lowe's Companies stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president directly owned 39,785 shares of the company's stock, valued at $8,828,291.50. This represents a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,980 shares of company stock worth $5,796,937 in the last 90 days. Company insiders own 0.29% of the company's stock.

Lowe's Companies Stock Down 0.1%

Shares of Lowe's Companies stock opened at $218.19 on Monday. The stock has a market capitalization of $122.34 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 2.79 and a beta of 0.86. Lowe's Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The company has a 50-day simple moving average of $216.00 and a two-hundred day simple moving average of $234.57.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.97 by $0.06. Lowe's Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm had revenue of $23.08 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the prior year, the business posted $2.92 EPS. The business's revenue was up 10.3% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, sell-side analysts anticipate that Lowe's Companies, Inc. will post 12.43 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were given a dividend of $1.25 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. This represents a $5.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, July 22nd. Lowe's Companies's dividend payout ratio (DPR) is currently 42.27%.

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.

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.

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