Lowe’s Companies, Inc. $LOW Stock: D.A. Davidson & CO. Increases Stake

D.A. Davidson & CO. grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.8% in the 3rd quarter, Holdings Channel reports. The fund owned 315,453 shares of the home improvement retailer’s stock after purchasing an additional 22,943 shares during the quarter. D.A. Davidson & CO.’s holdings in Lowe’s Companies were worth $58,135,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LOW. Amundi grew its position in shares of Lowe’s Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares during the period. State Street Corp increased its stake in Lowe’s Companies by 3.6% during 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 purchasing an additional 880,815 shares in the last quarter. BlackRock Inc. increased its stake in Lowe’s Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. Cullen Capital Management LLC bought a new stake in Lowe’s Companies during the 2nd quarter worth approximately $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Lowe’s Companies by 142.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock worth $244,132,000 after buying an additional 607,046 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $198.02 on Thursday. The company has a market cap of $111.10 billion, a PE ratio of 16.74, a PEG ratio of 1.66 and a beta of 0.89. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06. The stock has a 50-day simple moving average of $196.68 and a 200 day simple moving average of $227.04.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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. 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 earned $4.33 EPS. Lowe’s Companies’s revenue for the quarter 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. On average, research analysts predict that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

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 paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price target on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada reissued a “sector perform” rating and set a $231.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Gordon Haskett downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price objective for the company. in a research report on Thursday, September 24th. Wells Fargo & Company dropped their price objective on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Finally, Sanford C. Bernstein cut their price objective on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.48.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.