Lowe’s Companies, Inc. $LOW Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,615,500 shares of the home improvement retailer’s stock after selling 78,900 shares during the period. Swiss National Bank owned about 0.29% of Lowe’s Companies worth $405,991,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Lowe’s Companies during the 2nd quarter worth $1,773,624,000. Victory Capital Management Inc. increased its holdings in Lowe’s Companies by 207.2% in the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock valued at $517,218,000 after buying an additional 1,388,133 shares during the last quarter. Tableaux LLC purchased a new position in Lowe’s Companies in the second quarter valued at $282,884,000. Laurel Wealth Advisors LLC raised its stake in Lowe’s Companies by 22,167.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock valued at $229,041,000 after buying an additional 1,027,683 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in Lowe’s Companies by 243.2% during 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 buying an additional 791,526 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.1%

NYSE:LOW opened at $251.89 on Monday. The stock’s 50 day moving average price is $268.21 and its 200 day moving average price is $254.60. The company has a market capitalization of $141.30 billion, a PE ratio of 21.26, a P/E/G ratio of 5.47 and a beta of 0.98. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate 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 company had revenue of $20.58 billion for the quarter, compared to analyst estimates of $20.34 billion. During the same quarter in the previous year, the company posted $1.93 earnings per share. The firm’s revenue 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. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on LOW. TD Cowen dropped their price objective on Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating on the stock in a report on Thursday, February 26th. Oppenheimer decreased their target price on Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Rothschild & Co Redburn increased their price target on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Truist Financial cut their price objective on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Citigroup boosted their price objective on shares of Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Twenty-one research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $291.00.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

Lowe’s Companies Company 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.