Commonwealth Equity Services LLC decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 6.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,219 shares of the home improvement retailer’s stock after selling 20,478 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Lowe’s Companies were worth $57,539,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its stake in Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after acquiring an additional 714,092 shares in the last quarter. State Street Corp lifted its holdings in shares of Lowe’s Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Lowe’s Companies by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after acquiring an additional 201,803 shares during the period. Amundi boosted its stake in shares of Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Lowe’s Companies by 7.1% in 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 in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.
Lowe’s Companies Stock Performance
Shares of LOW opened at $225.13 on Friday. The stock has a fifty day moving average price of $197.18 and a two-hundred day moving average price of $225.13. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06. The company has a market cap of $126.31 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.88 and a beta of 0.81.
Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The company 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%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.
Lowe’s Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 21st. Lowe’s Companies’s payout ratio is currently 42.27%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on LOW. KeyCorp reaffirmed an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. Truist Financial cut their price target on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. UBS Group cut their price target on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Telsey Advisory Group reduced their price target on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Finally, TD Cowen reaffirmed a “hold” rating and set a $235.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.48.
Check Out Our Latest Stock Report on Lowe’s Companies
Lowe’s Companies Company Profile
Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.
Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.
Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.
Featured Articles
- Five stocks we like better than Lowe’s Companies
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe’s Companies, Inc. (NYSE:LOW – Free Report).
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.
