CIBC Asset Management Inc Buys 64,806 Shares of Lowe’s Companies, Inc. $LOW

CIBC Asset Management Inc increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 81.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 144,324 shares of the home improvement retailer’s stock after acquiring an additional 64,806 shares during the quarter. CIBC Asset Management Inc’s holdings in Lowe’s Companies were worth $34,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. United Financial Planning Group LLC bought a new position in Lowe’s Companies during the third quarter worth $31,000. OLD Second National Bank of Aurora boosted its stake in 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 in the last quarter. Triumph Capital Management bought a new position in Lowe’s Companies during the third quarter worth $34,000. Financial Life Planners bought a new position in Lowe’s Companies during the third quarter worth $36,000. Finally, Ares Financial Consulting LLC bought a new position in Lowe’s Companies during the fourth quarter worth $36,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOW. Sanford C. Bernstein cut their target price on shares of Lowe’s Companies from $303.00 to $281.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Guggenheim upped their price objective on shares of Lowe’s Companies from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. BNP Paribas Exane lowered their price objective on shares of Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating on the stock in a report on Thursday, May 21st. The Goldman Sachs Group lowered their price objective on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, William Blair initiated coverage on shares of Lowe’s Companies in a report on Tuesday, May 12th. They set an “overweight” rating on the stock. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $264.57.

Lowe’s Companies Trading Up 0.6%

LOW opened at $207.79 on Thursday. The company’s fifty day moving average price is $231.16 and its two-hundred day moving average price is $246.89. Lowe’s Companies, Inc. has a 1-year low of $203.40 and a 1-year high of $293.06. The company has a market cap of $116.51 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 2.61 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.06. The firm had revenue of $23.08 billion for the quarter, compared to the consensus estimate of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.92 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current fiscal year.

Lowe’s Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a $1.25 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is currently 40.57%.

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.