Russell Investments Group Ltd. Acquires 80,437 Shares of Lowe’s Companies, Inc. $LOW

Russell Investments Group Ltd. raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 16.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 584,391 shares of the home improvement retailer’s stock after acquiring an additional 80,437 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Lowe’s Companies worth $146,961,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Lowe’s Companies by 0.6% in the third quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer’s stock worth $13,898,992,000 after purchasing an additional 329,807 shares in the last quarter. State Street Corp increased its stake in shares of Lowe’s Companies by 0.8% in the 2nd quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after acquiring an additional 207,826 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lowe’s Companies by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after acquiring an additional 42,190 shares during the period. Norges Bank acquired a new position in shares of Lowe’s Companies during the 2nd quarter valued at $1,773,624,000. Finally, Bank of New York Mellon Corp boosted its stake in Lowe’s Companies by 12.1% during the third quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock worth $1,079,320,000 after acquiring an additional 463,012 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday, December 29th. Truist Financial dropped their price target on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Bank of America reduced their price objective on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Barclays upgraded Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective for the company in a report on Wednesday, January 7th. Finally, Telsey Advisory Group increased 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. Twenty-one investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $291.00.

Lowe’s Companies Trading Down 1.1%

NYSE LOW opened at $251.89 on Monday. The business has a fifty day simple moving average of $268.21 and a 200 day simple moving average of $254.60. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The firm has a market capitalization of $141.30 billion, a P/E ratio of 21.26, a PEG ratio of 5.47 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $20.58 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. The business’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 predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Insider Activity at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies 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.