3,382 Lowe’s Companies, Inc. $LOW Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 26.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,501 shares of the home improvement retailer’s stock after selling 3,382 shares during the quarter. Sowell Financial Services LLC’s holdings in Lowe’s Companies were worth $1,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after acquiring an additional 714,092 shares in the last quarter. State Street Corp lifted its stake in Lowe’s Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp grew its holdings in Lowe’s Companies by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock worth $905,063,000 after acquiring an additional 57,167 shares in the last quarter. Amundi grew its holdings in Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after acquiring an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank increased its position in Lowe’s Companies by 7.1% during the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after purchasing an additional 109,520 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $209.18 on Friday. The firm has a fifty day moving average price of $196.23 and a 200 day moving average price of $226.43. Lowe’s Companies, Inc. has a 1 year low of $178.45 and a 1 year high of $293.06. The stock has a market cap of $117.36 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.75 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 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. Lowe’s Companies’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. DA Davidson reiterated a “neutral” rating and set a $245.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price objective on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company lowered their target price on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. KeyCorp reaffirmed an “overweight” rating and set a $275.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Finally, TD Cowen reiterated a “hold” rating and issued a $235.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. One 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 stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $253.48.

Get Our Latest Stock Report on LOW

Lowe’s Companies Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.