Courier Capital LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 60.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 8,898 shares of the home improvement retailer’s stock after selling 13,700 shares during the period. Courier Capital LLC’s holdings in Lowe’s Companies were worth $1,640,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Catalyst Private Wealth LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth approximately $232,000. St. Clair Advisors LLC grew its stake in shares of Lowe’s Companies by 1.9% during the 3rd quarter. St. Clair Advisors LLC now owns 5,425 shares of the home improvement retailer’s stock worth $1,000,000 after purchasing an additional 100 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in shares of Lowe’s Companies by 2.0% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 85,974 shares of the home improvement retailer’s stock valued at $16,236,000 after purchasing an additional 1,673 shares in the last quarter. Perpetual Ltd increased its holdings in shares of Lowe’s Companies by 6.6% during the 3rd quarter. Perpetual Ltd now owns 2,403 shares of the home improvement retailer’s stock valued at $443,000 after purchasing an additional 149 shares in the last quarter. Finally, Woodstock Corp increased its holdings in shares of Lowe’s Companies by 0.3% during the 3rd quarter. Woodstock Corp now owns 17,821 shares of the home improvement retailer’s stock valued at $3,284,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on LOW. JPMorgan Chase & Co. lowered their price target on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. UBS Group dropped their price target on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Piper Sandler cut their price objective on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a report on Thursday, August 13th. DA Davidson reiterated a “neutral” rating and issued a $245.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Finally, Mizuho lowered their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $254.29.
Lowe’s Companies Stock Up 1.7%
Shares of Lowe’s Companies stock traded up $3.18 on Tuesday, reaching $188.75. The company’s stock had a trading volume of 3,125,446 shares, compared to its average volume of 2,960,268. The company has a market capitalization of $105.90 billion, a P/E ratio of 15.96, a PEG ratio of 1.56 and a beta of 0.89. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06. The stock has a 50-day moving average price of $201.63 and a 200-day moving average price of $215.86.
Lowe’s Companies (NYSE:LOW – Get Free Report) last announced its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.
Lowe’s Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.6%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.
About Lowe’s Companies
Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.
Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.
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