Bamco Inc. NY Reduces Position in Lowe's Companies, Inc. $LOW

Bamco Inc. NY cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,685 shares of the home improvement retailer's stock after selling 8,103 shares during the quarter. Bamco Inc. NY's holdings in Lowe's Companies were worth $43,808,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Lowe's Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after purchasing an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its holdings in Lowe's Companies by 31.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after buying an additional 259 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Lowe's Companies by 22.3% in the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer's stock worth $340,000 after acquiring an additional 280 shares during the period. United Bank raised its position in shares of Lowe's Companies by 1.3% in the second quarter. United Bank now owns 12,124 shares of the home improvement retailer's stock worth $2,690,000 after acquiring an additional 155 shares during the period. Finally, Schnieders Capital Management LLC. boosted its stake in shares of Lowe's Companies by 13.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer's stock worth $528,000 after acquiring an additional 275 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW stock opened at $210.85 on Thursday. Lowe's Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The company has a 50-day moving average of $215.68 and a two-hundred day moving average of $231.45. The firm has a market cap of $118.23 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.22 by $0.18. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the previous year, the company earned $4.33 earnings per share. The firm's quarterly 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. Sell-side analysts anticipate that Lowe's Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were paid a $1.25 dividend. The ex-dividend date was Wednesday, July 22nd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. Lowe's Companies's payout ratio is 42.27%.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent analyst reports. Weiss Ratings lowered Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Sanford C. Bernstein lowered their target price on Lowe's Companies from $303.00 to $281.00 and set an "outperform" rating on the stock in a report on Thursday, May 14th. Stifel Nicolaus lowered their price target on shares of Lowe's Companies from $270.00 to $220.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. TD Cowen reissued a "hold" rating and set a $235.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Finally, HSBC dropped their price objective on shares of Lowe's Companies from $260.00 to $220.00 and set a "hold" rating for the company in a report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $258.53.

Insider Activity

In other news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe's Companies stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the completion of the sale, the executive vice president directly owned 16,142 shares of the company's stock, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the transaction, the executive vice president directly owned 20,220 shares of the company's stock, valued at approximately $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 25,980 shares of company stock worth $5,796,937. 0.29% of the stock is currently owned by company insiders.

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.

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