Yousif Capital Management LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 90,281 shares of the home improvement retailer’s stock after buying an additional 2,587 shares during the quarter. Yousif Capital Management LLC’s holdings in Lowe’s Companies were worth $16,638,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Nykredit A S bought a new stake in Lowe’s Companies in the 2nd quarter valued at about $42,217,000. Kathmere Capital Management LLC boosted its position in Lowe’s Companies by 133.9% during the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer’s stock worth $2,222,000 after purchasing an additional 5,383 shares during the period. First Citizens Bank & Trust Co. boosted its position in Lowe’s Companies by 31.8% during the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer’s stock worth $4,435,000 after purchasing an additional 5,804 shares during the period. Econ Financial Services Corp boosted its position in Lowe’s Companies by 26.2% during the first quarter. Econ Financial Services Corp now owns 19,974 shares of the home improvement retailer’s stock worth $4,719,000 after purchasing an additional 4,147 shares during the period. Finally, Glenview Trust Co increased its stake in shares of Lowe’s Companies by 4.9% in the second quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock worth $50,798,000 after purchasing an additional 10,735 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Lowe’s Companies Stock Performance
NYSE LOW traded down $5.55 during trading hours on Friday, hitting $198.82. The company had a trading volume of 2,846,451 shares, compared to its average volume of 3,305,667. Lowe’s Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The firm has a 50 day simple moving average of $197.50 and a 200 day simple moving average of $213.62. The firm has a market capitalization of $111.55 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.71 and a beta of 0.89.
Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same quarter in the previous year, the firm earned $4.33 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.
Lowe’s Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%. Lowe’s Companies’s payout ratio is currently 42.27%.
Analyst Ratings Changes
Several research firms have recently issued reports on LOW. Royal Bank Of Canada reissued a “sector perform” rating and issued a $231.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. Mizuho cut their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 20th. Wells Fargo & Company cut their price objective on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Truist Financial reduced their price objective on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Finally, Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $254.29.
Get Our Latest Analysis on Lowe’s Companies
Lowe’s Companies Company Profile
Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.
Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.
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