Assenagon Asset Management S.A. Acquires 110,623 Shares of Lowe's Companies, Inc. $LOW

Assenagon Asset Management S.A. lifted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 161.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,002 shares of the home improvement retailer's stock after acquiring an additional 110,623 shares during the period. Assenagon Asset Management S.A.'s holdings in Lowe's Companies were worth $39,468,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Providence Wealth Advisors LLC boosted its holdings in Lowe's Companies by 0.5% in the 4th 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 period. Rather & Kittrell Inc. grew its position in shares of Lowe's Companies by 0.4% during the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer's stock worth $2,503,000 after purchasing an additional 38 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in shares of Lowe's Companies by 1.3% during the fourth quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer's stock worth $711,000 after purchasing an additional 38 shares during the period. Smithbridge Asset Management Inc. DE increased its holdings in shares of Lowe's Companies by 1.1% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock worth $898,000 after purchasing an additional 39 shares during the period. Finally, Sumitomo Life Insurance Co. increased its holdings in shares of Lowe's Companies by 0.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer's stock worth $1,481,000 after purchasing an additional 39 shares during the period. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LOW shares. William Blair initiated coverage on Lowe's Companies in a research note on Tuesday, May 12th. They issued an "overweight" rating for the company. Morgan Stanley lowered their price objective on Lowe's Companies from $292.00 to $277.00 and set an "overweight" rating on the stock in a research note on Thursday, May 21st. HSBC dropped their price objective on Lowe's Companies from $260.00 to $220.00 and set a "hold" rating for the company in a report on Thursday, May 21st. DA Davidson reiterated a "neutral" rating and set a $275.00 target price on shares of Lowe's Companies in a research report on Wednesday, May 20th. Finally, Gordon Haskett reduced their target price on Lowe's Companies from $280.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $263.67.

Lowe's Companies Stock Performance

Shares of LOW opened at $223.03 on Friday. Lowe's Companies, Inc. has a 52-week low of $199.40 and a 52-week high of $293.06. The firm has a market cap of $125.05 billion, a price-to-earnings ratio of 18.85, a PEG ratio of 2.83 and a beta of 0.86. The business's fifty day moving average is $214.99 and its 200-day moving average is $236.85.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. The business had revenue of $23.08 billion during 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%.Lowe's Companies's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.92 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, research analysts forecast that Lowe's Companies, Inc. will post 12.46 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Wednesday, July 22nd. Lowe's Companies's dividend payout ratio (DPR) is currently 42.27%.

Insider Transactions at Lowe's Companies

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the sale, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This trade represents a 36.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Janice Dupre sold 14,150 shares of Lowe's Companies stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 25,980 shares of company stock valued at $5,796,937. 0.29% of the stock is currently owned by insiders.

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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