BI Asset Management Fondsmaeglerselskab A S Lowers Position in Lowe's Companies, Inc. $LOW

Key Points

• BI Asset Management Fondsmaeglerselskab A S cut its Lowe’s stake by 82.5% in the first quarter, leaving it with 22,738 shares valued at about $5.37 million.
• Lowe’s reported solid quarterly results, with EPS of $3.03 and revenue of $23.08 billion, both topping analyst expectations. The company also raised its full-year guidance to $12.25-$12.75 EPS.
• The company increased its quarterly dividend to $1.25 per share from $1.20, while several analysts trimmed price targets; the stock opened at $214.27 and the consensus rating remains Moderate Buy.

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 82.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,738 shares of the home improvement retailer's stock after selling 107,433 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Lowe's Companies were worth $5,373,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LOW. Providence Wealth Advisors LLC lifted its position in Lowe's Companies by 0.5% during 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. Rather & Kittrell Inc. increased its holdings in shares of Lowe's Companies by 0.4% in the 4th quarter. Rather & Kittrell Inc. now owns 10,379 shares of the home improvement retailer's stock worth $2,503,000 after buying an additional 38 shares during the last quarter. First Command Advisory Services Inc. raised its position in shares of Lowe's Companies by 1.3% during 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. Walkner Condon Financial Advisors LLC raised its position in shares of Lowe's Companies by 4.3% during the 4th quarter. Walkner Condon Financial Advisors LLC now owns 945 shares of the home improvement retailer's stock valued at $228,000 after buying an additional 39 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE lifted its holdings in shares of Lowe's Companies by 1.1% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer's stock worth $898,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 74.06% of the company's stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several research reports. Robert W. Baird cut 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 research report on Thursday, May 21st. The Goldman Sachs Group lowered their price target on Lowe's Companies from $300.00 to $293.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Royal Bank Of Canada dropped their price target on Lowe's Companies from $264.00 to $232.00 and set a "sector perform" rating for the company in a research note on Thursday, May 21st. Benchmark began coverage on Lowe's Companies in a report on Tuesday, May 12th. They issued a "hold" rating for the company. Finally, Bank of America reduced their price objective on Lowe's Companies from $260.00 to $257.00 and set a "neutral" rating on the stock in a research report on Thursday, May 21st. 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $264.57.

Insider Transactions at Lowe's Companies

In other news, EVP Margrethe R. Vagell sold 2,500 shares of the business'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 completion of the sale, the executive vice president owned 20,220 shares of the company's stock, valued at approximately $4,525,842.60. The trade was a 11.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction dated 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 owned 16,142 shares of the company's stock, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,980 shares of company stock worth $5,796,937. Company insiders own 0.29% of the company's stock.

Lowe's Companies Stock Performance

Shares of Lowe's Companies stock opened at $214.27 on Tuesday. Lowe's Companies, Inc. has a 52-week low of $203.40 and a 52-week high of $293.06. The stock has a market capitalization of $120.14 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The company has a fifty day moving average of $226.35 and a 200-day moving average of $245.32.

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

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. 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 2.3%. The ex-dividend date is Wednesday, July 22nd. Lowe's Companies's dividend payout ratio (DPR) is presently 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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