Koa Wealth Management LLC Sells 5,131 Shares of Lowe’s Companies, Inc. $LOW

Koa Wealth Management LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 65.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,729 shares of the home improvement retailer’s stock after selling 5,131 shares during the quarter. Koa Wealth Management LLC’s holdings in Lowe’s Companies were worth $503,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sankala Group LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $33,000. Markowski Investments bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at approximately $33,000. IAG Wealth Partners LLC increased its position in 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 worth $37,000 after purchasing an additional 100 shares in the last quarter. Provenance Wealth Advisors LLC increased its position in 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 worth $44,000 after purchasing an additional 150 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID increased its position in 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 worth $46,000 after purchasing an additional 134 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Price Performance

Shares of LOW traded down $2.18 during trading hours on Wednesday, hitting $186.56. 768,952 shares of the stock were exchanged, compared to its average volume of 2,948,765. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The business has a 50-day moving average of $201.04 and a 200-day moving average of $215.53. The firm has a market capitalization of $104.67 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.89.

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

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given 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 2.7%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LOW. Piper Sandler cut their target price on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. Truist Financial reduced their price target on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. DA Davidson reissued a “neutral” rating and set a $245.00 target price on shares of Lowe’s Companies in a report on Wednesday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Finally, UBS Group cut 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 investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.29.

About Lowe’s Companies

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.