First Trust Advisors LP Purchases 97,951 Shares of Lowe’s Companies, Inc. $LOW

First Trust Advisors LP grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 35.5% during the third quarter, HoldingsChannel.com reports. The firm owned 373,533 shares of the home improvement retailer’s stock after buying an additional 97,951 shares during the quarter. First Trust Advisors LP’s holdings in Lowe’s Companies were worth $93,873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies during the 2nd quarter worth approximately $27,000. Activest Wealth Management lifted its position in shares of Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Traub Capital Management LLC acquired a new position in Lowe’s Companies during the second quarter worth $30,000. Vermillion & White Wealth Management Group LLC grew its position in Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares in the last quarter. Finally, Guerra Advisors Inc bought a new position in Lowe’s Companies in the third quarter valued at $35,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insider Buying and Selling

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the transaction, the chief executive officer owned 231,043 shares in the company, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LOW. Telsey Advisory Group increased their price objective on shares of Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Piper Sandler reaffirmed an “overweight” rating and issued a $300.00 target price (up from $294.00) on shares of Lowe’s Companies in a research report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. raised their price target on Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Twenty-one equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $291.00.

Lowe’s Companies Price Performance

LOW stock opened at $250.24 on Tuesday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $293.06. The stock has a market cap of $140.37 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 5.47 and a beta of 0.98. The company has a fifty day moving average price of $268.33 and a two-hundred day moving average price of $254.56.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $20.58 billion for the quarter, compared to analyst estimates of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.