Pictet Asset Management Holding SA increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW – Free Report) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 503,946 shares of the home improvement retailer’s stock after purchasing an additional 2,899 shares during the quarter. Pictet Asset Management Holding SA owned 0.09% of Lowe’s Companies worth $92,872,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Markowski Investments acquired a new stake in shares of Lowe’s Companies in the 2nd quarter worth $33,000. William Mack & Associates Inc. purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $31,000. Latitude Advisors LLC purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $32,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of Lowe’s Companies by 219.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 134 shares in the last quarter. Finally, John Boyer Inc. acquired a new position in shares of Lowe’s Companies during the third quarter worth about $36,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.
Lowe’s Companies Stock Performance
Lowe’s Companies stock opened at $232.17 on Tuesday. The company has a market cap of $130.26 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06. The business has a fifty day moving average of $197.66 and a two-hundred day moving average of $224.91.
Lowe’s Companies (NYSE:LOW – Get Free Report) last posted its quarterly 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. The business had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business’s revenue for the quarter 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 predict that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.
Lowe’s Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s payout ratio is currently 42.27%.
Analyst Ratings Changes
LOW has been the subject of several analyst reports. Melius Research set a $244.00 price target on shares of Lowe’s Companies in a report on Tuesday, October 6th. Guggenheim restated a “buy” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research report on Monday, September 21st. TD Cowen reaffirmed a “hold” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. UBS Group dropped their target price on 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. Finally, Citigroup dropped their target price on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given 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 presently has an average rating of “Moderate Buy” and a consensus price target of $254.23.
View Our Latest Research Report on Lowe’s Companies
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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