Candriam S.C.A. lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 25.1% in the third quarter, Holdings Channel reports. The fund owned 71,455 shares of the home improvement retailer’s stock after purchasing an additional 14,331 shares during the quarter. Candriam S.C.A.’s holdings in Lowe’s Companies were worth $13,217,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Markowski Investments bought a new stake in Lowe’s Companies during the second quarter worth approximately $33,000. William Mack & Associates Inc. bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $31,000. Latitude Advisors LLC bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $32,000. Legacy Wealth Managment LLC ID lifted its stake in shares of Lowe’s Companies by 219.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 134 shares during the last quarter. Finally, John Boyer Inc. bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on LOW. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price on the stock. in a research report on Thursday, September 24th. KeyCorp restated an “overweight” rating and set a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Guggenheim restated a “buy” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research report on Monday, September 21st. Mizuho dropped 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 research note on Thursday, August 20th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. One 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 given a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $254.23.
Check Out Our Latest Analysis on Lowe’s Companies
Lowe’s Companies Stock Up 3.4%
LOW opened at $232.17 on Tuesday. The business has a fifty day moving average of $197.66 and a 200 day moving average of $224.91. The stock has a market cap of $130.26 billion, a P/E ratio of 18.40, a PEG ratio of 1.92 and a beta of 0.81. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06.
Lowe’s Companies (NYSE:LOW – Get Free Report) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $26.13 billion. During the same quarter last year, the firm posted $4.33 earnings per share. The business’s 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. Equities analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.
Lowe’s Companies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were issued a $1.25 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio is presently 42.27%.
Lowe’s Companies 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.
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