State of Alaska Department of Revenue Sells 4,185 Shares of Lowe's Companies, Inc. $LOW

Key Points

• State of Alaska Department of Revenue trimmed its Lowe's stake by 3.5%, selling 4,185 shares and leaving 114,950 shares valued at $27.72 million.
• Lowe's beat quarterly estimates with $1.98 EPS vs. $1.94 expected and $20.59B revenue (up 10.9% YoY), and set FY2026 guidance of $12.25–$12.75 EPS while analysts' average target is about $289.
• The company declared a $1.20 quarterly dividend (annualized $4.80, ~2.0% yield) and remains majority institutionally owned (≈74.06%), with several large funds notably increasing their positions.

State of Alaska Department of Revenue trimmed its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,950 shares of the home improvement retailer's stock after selling 4,185 shares during the quarter. State of Alaska Department of Revenue's holdings in Lowe's Companies were worth $27,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Lowe's Companies by 102.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer's stock worth $1,056,585,000 after purchasing an additional 2,122,622 shares during the period. Victory Capital Management Inc. raised its holdings in Lowe's Companies by 207.2% in the 3rd quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer's stock worth $517,218,000 after purchasing an additional 1,388,133 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in Lowe's Companies by 243.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer's stock worth $247,817,000 after purchasing an additional 791,526 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Lowe's Companies by 101.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer's stock worth $312,866,000 after purchasing an additional 626,829 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in Lowe's Companies by 45.5% in the 3rd quarter. Alliancebernstein L.P. now owns 1,899,114 shares of the home improvement retailer's stock worth $477,266,000 after purchasing an additional 593,779 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $244.45 on Monday. Lowe's Companies, Inc. has a 52-week low of $210.33 and a 52-week high of $293.06. The firm has a market capitalization of $136.91 billion, a PE ratio of 20.63, a PEG ratio of 5.31 and a beta of 0.97. The stock has a fifty day simple moving average of $255.24 and a two-hundred day simple moving average of $249.91.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.04. Lowe's Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The business had revenue of $20.59 billion during the quarter, compared to analyst estimates of $20.34 billion. During the same quarter in the prior year, the business posted $1.93 EPS. Lowe's Companies's revenue for the quarter was up 10.9% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Wednesday, April 22nd. Lowe's Companies's dividend payout ratio is presently 40.51%.

Analysts Set New Price Targets

A number of equities analysts recently commented on LOW shares. Piper Sandler reaffirmed an "overweight" rating and issued a $300.00 target price (up from $294.00) on shares of Lowe's Companies in a report on Thursday, February 26th. The Goldman Sachs Group raised their target price on Lowe's Companies from $283.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Citigroup raised their target price on Lowe's Companies from $250.00 to $285.00 and gave the stock a "neutral" rating in a report on Thursday, February 12th. Telsey Advisory Group raised their target price on Lowe's Companies from $285.00 to $295.00 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Finally, Truist Financial decreased their target price on Lowe's Companies from $295.00 to $293.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Twenty-two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $289.24.

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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