Rakuten Investment Management Inc. Buys 9,194 Shares of Lowe’s Companies, Inc. $LOW

Rakuten Investment Management Inc. raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 10.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 100,798 shares of the home improvement retailer’s stock after purchasing an additional 9,194 shares during the period. Rakuten Investment Management Inc.’s holdings in Lowe’s Companies were worth $18,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. boosted 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 during the period. State Street Corp grew its position 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 during the last quarter. Bank of New York Mellon Corp increased its stake in Lowe’s Companies by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after purchasing an additional 201,803 shares during the period. Amundi increased its stake in Lowe’s Companies by 57.3% in the second 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. Finally, Swiss National Bank raised its holdings in shares of Lowe’s Companies by 7.1% in the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after buying an additional 109,520 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Telsey Advisory Group dropped their price target 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. Evercore set a $190.00 price objective on Lowe’s Companies in a research report on Tuesday, October 6th. Wells Fargo & Company decreased their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $231.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, 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 report on Thursday, August 20th. One equities 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $253.48.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $229.42 on Thursday. 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 $196.48 and a two-hundred day moving average of $225.60. The company has a market cap of $128.72 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.79 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the business earned $4.33 earnings per share. The business’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. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were given a dividend of $1.25 per share. The ex-dividend date was Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Trending Headlines about Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Housing stocks, including Lowe’s, rallied after Democrats’ election gains as interest rates edged lower and investors saw signs inflation could ease. Lower borrowing costs could support housing activity and renovation spending. Read article
• Positive Sentiment: An institutional investor reportedly established a $6.93 million stake in Lowe’s ahead of earnings. The investment may signal confidence, although the article provides no details about the investor’s rationale and the stake alone does not establish a broader trend. Read article
• Positive Sentiment: Georgia Ports named Lowe’s its Supply Chain Impact Partner of the Year, recognizing the retailer’s supply-chain relationship. The recognition is favorable but does not indicate a specific financial benefit. Read article
• Neutral Sentiment: A report says Lowe’s plans to open new stores, but the supplied information does not specify locations, timing, or expected investment, limiting insight into the potential impact. Read article

Lowe’s Companies Company Profile

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.