Comprehensive Financial Consultants Institutional Inc. Sells 5,969 Shares of Lowe’s Companies, Inc. $LOW

Comprehensive Financial Consultants Institutional Inc. reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 77.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,717 shares of the home improvement retailer’s stock after selling 5,969 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Lowe’s Companies were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. BlackRock Inc. raised its position in shares of Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after buying an additional 714,092 shares during the last quarter. State Street Corp grew its stake in Lowe’s Companies by 3.6% in the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp grew its stake in Lowe’s Companies by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock worth $956,371,000 after acquiring an additional 201,803 shares during the period. Amundi grew its stake in Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after acquiring an additional 1,053,237 shares during the period. Finally, Swiss National Bank raised its holdings in 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 acquiring an additional 109,520 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $197.22 on Friday. The firm has a market capitalization of $110.65 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06. The company has a 50 day moving average price of $199.44 and a 200 day moving average price of $214.83.

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

Lowe’s Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LOW. Mizuho reduced their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 20th. Piper Sandler lowered their price objective on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. JPMorgan Chase & Co. dropped their target price on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Telsey Advisory Group reduced their target price on 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, Truist Financial decreased their price target on 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. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

Lowe’s Companies Company 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.