Lowe’s Companies, Inc. $LOW Shares Newly Bought by ASK Capital Investment Managers LLC

ASK Capital Investment Managers LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,975 shares of the home improvement retailer’s stock, valued at approximately $548,000. Lowe’s Companies accounts for about 0.6% of ASK Capital Investment Managers LLC’s portfolio, making the stock its 26th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in LOW. Sankala Group LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $33,000. Markowski Investments purchased a new position in shares of Lowe’s Companies during the 2nd quarter valued at about $33,000. IAG Wealth Partners LLC raised its holdings in shares of Lowe’s Companies by 178.6% during the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after buying an additional 100 shares in the last quarter. Provenance Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 416.7% during the 1st quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer’s stock valued at $44,000 after buying an additional 150 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of Lowe’s Companies by 219.7% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 134 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.7%

NYSE LOW opened at $188.75 on Wednesday. The company has a 50-day simple moving average of $201.04 and a two-hundred day simple moving average of $215.53. Lowe’s Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06. The firm has a market cap of $105.90 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.55 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. The firm had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.6%. Lowe’s Companies’s dividend payout ratio is currently 42.27%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LOW shares. Evercore set a $190.00 target price on Lowe’s Companies in a research report on Tuesday, October 6th. Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. UBS Group reduced their price target on shares of 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. Truist Financial decreased their price target on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein lowered their price objective on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a report on Wednesday, September 9th. One research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.