SBI Okasan Asset Management Co.Ltd. Makes New Investment in Lowe’s Companies, Inc. $LOW

SBI Okasan Asset Management Co.Ltd. bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,800 shares of the home improvement retailer’s stock, valued at approximately $1,170,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bridges Investment Management Inc. increased its position in shares of Lowe’s Companies by 13.4% in the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock valued at $105,759,000 after acquiring an additional 49,858 shares during the last quarter. Glenview Trust Co increased its position in Lowe’s Companies by 9.0% during the fourth quarter. Glenview Trust Co now owns 207,797 shares of the home improvement retailer’s stock worth $50,112,000 after buying an additional 17,225 shares during the last quarter. Jefferies Financial Group Inc. increased its position in Lowe’s Companies by 134.3% during the third quarter. Jefferies Financial Group Inc. now owns 56,252 shares of the home improvement retailer’s stock worth $14,137,000 after buying an additional 32,240 shares during the last quarter. CX Institutional increased its position in Lowe’s Companies by 17.7% during the fourth quarter. CX Institutional now owns 31,380 shares of the home improvement retailer’s stock worth $7,568,000 after buying an additional 4,711 shares during the last quarter. Finally, National Pension Service increased its position in Lowe’s Companies by 2.7% during the third quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer’s stock worth $323,381,000 after buying an additional 33,686 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Trading Up 0.4%

Lowe’s Companies stock opened at $217.80 on Friday. Lowe’s Companies, Inc. has a 12 month low of $208.00 and a 12 month high of $293.06. The stock’s 50 day moving average is $232.82 and its 200-day moving average is $247.59. The company has a market capitalization of $121.98 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 4.70 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the business earned $2.92 earnings per share. The firm’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. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 12.5 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $1.20 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $4.80 annualized dividend and a yield of 2.2%. Lowe’s Companies’s dividend payout ratio is presently 40.57%.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. KeyCorp lowered their price target on Lowe’s Companies from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. DA Davidson reaffirmed a “neutral” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 20th. Oppenheimer decreased their target price on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Gordon Haskett decreased their target price on Lowe’s Companies from $280.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group decreased their target price on Lowe’s Companies from $300.00 to $293.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $264.57.

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.