Janus Henderson Group PLC Cuts Position in Lowe’s Companies, Inc. $LOW

Janus Henderson Group PLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 73,172 shares of the home improvement retailer’s stock after selling 3,647 shares during the period. Janus Henderson Group PLC’s holdings in Lowe’s Companies were worth $17,286,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Swiss RE Ltd. purchased a new position in Lowe’s Companies during the fourth quarter valued at $25,000. Wilkerson Advisory Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth $27,000. OLD Second National Bank of Aurora grew its stake in shares of Lowe’s Companies by 52.5% in 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 last quarter. Sankala Group LLC bought a new position in shares of Lowe’s Companies during the fourth quarter valued at $33,000. Finally, Triumph Capital Management bought a new position in shares of Lowe’s Companies during the third quarter valued at $34,000. 74.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LOW shares. Morgan Stanley lowered their price target on Lowe’s Companies from $292.00 to $277.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Wolfe Research set a $254.00 price objective on shares of Lowe’s Companies in a research report on Thursday, May 21st. Raymond James Financial lowered shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Robert W. Baird decreased their target price on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, The Goldman Sachs Group dropped their target price on shares of Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $263.67.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $212.14 on Tuesday. Lowe’s Companies, Inc. has a 1 year low of $199.40 and a 1 year high of $293.06. The company has a market cap of $118.95 billion, a P/E ratio of 17.93, a PEG ratio of 2.62 and a beta of 0.86. The stock’s fifty day moving average price is $214.62 and its 200-day moving average price is $238.17.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, topping the consensus estimate of $2.97 by $0.06. Lowe’s Companies had a negative return on equity of 67.96% and a net margin of 7.51%.The company had revenue of $23.08 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same period last year, the company earned $2.92 EPS. Lowe’s Companies’s revenue for the quarter was up 10.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.48 earnings per share for the current year.

Lowe’s Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. Lowe’s Companies’s payout ratio is 42.27%.

Insider Transactions at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the completion of the sale, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. This represents a 26.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 25,980 shares of company stock worth $5,796,937 over the last three months. 0.29% of the stock is currently owned by company 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.