Meritage Portfolio Management Sells 15,537 Shares of Lowe’s Companies, Inc. $LOW

Meritage Portfolio Management lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 94.4% in the fourth quarter, HoldingsChannel reports. The firm owned 913 shares of the home improvement retailer’s stock after selling 15,537 shares during the period. Meritage Portfolio Management’s holdings in Lowe’s Companies were worth $220,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOW. Activest Wealth Management boosted its holdings in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the period. United Financial Planning Group LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $31,000. OLD Second National Bank of Aurora boosted its holdings in shares of Lowe’s Companies by 52.5% during the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 42 shares during the period. Triumph Capital Management bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $34,000. Finally, Guerra Advisors Inc bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $35,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LOW shares. Gordon Haskett reduced their price objective on Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Sanford C. Bernstein reduced their price objective on Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Piper Sandler restated an “overweight” rating and set a $300.00 price objective (up from $294.00) on shares of Lowe’s Companies in a report on Thursday, February 26th. Finally, Telsey Advisory Group lifted their price target on shares of Lowe’s Companies from $285.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Twenty-two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $289.24.

Lowe’s Companies Trading Down 2.5%

NYSE LOW opened at $244.95 on Thursday. Lowe’s Companies, Inc. has a 1-year low of $210.33 and a 1-year high of $293.06. The company has a 50 day moving average of $250.50 and a 200-day moving average of $249.74. The company has a market cap of $137.19 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 5.46 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company had revenue of $20.59 billion during the quarter, compared to the consensus estimate of $20.34 billion. During the same period in the previous year, the business earned $1.93 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Wednesday, April 22nd. Lowe’s Companies’s payout ratio is currently 40.51%.

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.