Nykredit A S Invests $42.22 Million in Lowe's Companies, Inc. $LOW

Key Points

• Nykredit A/S purchased 191,467 shares of Lowe’s Companies during the second quarter, establishing a position worth approximately $42.2 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, exceeding estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion, slightly below expectations.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $257.63, versus a recent share price of $192.43.

Nykredit A S purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 191,467 shares of the home improvement retailer's stock, valued at approximately $42,217,000.

A number of other hedge funds have also recently made changes to their positions in the business. Sankala Group LLC purchased a new stake in Lowe's Companies in the fourth quarter worth about $33,000. Markowski Investments bought a new position in Lowe's Companies during the 2nd quarter valued at about $33,000. IAG Wealth Partners LLC lifted its holdings in shares of Lowe's Companies by 178.6% during the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer's stock valued at $37,000 after buying an additional 100 shares during the period. RHL Group LLC purchased a new stake in shares of Lowe's Companies during the 4th quarter valued at about $40,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Lowe's Companies during the 4th quarter valued at $43,000. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Stock Down 0.9%

Shares of LOW stock opened at $192.43 on Friday. The firm has a market cap of $107.96 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.58 and a beta of 0.85. Lowe's Companies, Inc. has a 52-week low of $192.09 and a 52-week high of $293.06. The company's 50 day moving average is $208.90 and its 200 day moving average is $222.45.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $26.13 billion. During the same period in the prior year, the firm posted $4.33 earnings per share. The company's quarterly revenue was up 8.3% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Analysts anticipate that Lowe's Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.6%. Lowe's Companies's dividend payout ratio is currently 42.27%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LOW. TD Cowen restated a "hold" rating and set a $235.00 target price on shares of Lowe's Companies in a research note on Thursday, August 20th. KeyCorp restated an "overweight" rating and set a $275.00 price target on shares of Lowe's Companies in a report on Thursday, August 20th. Sanford C. Bernstein dropped their target price on Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating for the company in a report on Wednesday, September 9th. JPMorgan Chase & Co. dropped their price objective on shares of Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Finally, Piper Sandler cut their price objective on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating on the stock in a research report on Thursday, August 13th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $257.63.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.

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