Lowe’s Companies, Inc. $LOW Shares Acquired by Trek Financial LLC

Trek Financial LLC lifted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 29.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,327 shares of the home improvement retailer’s stock after acquiring an additional 2,826 shares during the period. Trek Financial LLC’s holdings in Lowe’s Companies were worth $2,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Markowski Investments acquired a new position in Lowe’s Companies during the second quarter valued at approximately $33,000. IAG Wealth Partners LLC lifted its stake in shares of Lowe’s Companies by 178.6% in the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 100 shares during the last quarter. William Mack & Associates Inc. acquired a new stake in shares of Lowe’s Companies in the third quarter worth $31,000. Latitude Advisors LLC acquired a new stake in shares of Lowe’s Companies in the third quarter worth $32,000. Finally, Legacy Wealth Managment LLC ID boosted 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 worth $46,000 after buying an additional 134 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LOW shares. DA Davidson reiterated a “neutral” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Telsey Advisory Group cut their target price on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Evercore set a $190.00 target price on shares of Lowe’s Companies in a research report on Tuesday, October 6th. KeyCorp restated an “overweight” rating and set a $275.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Finally, Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research report on Thursday, September 24th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $253.48.

Lowe’s Companies Stock Performance

Shares of LOW opened at $218.00 on Tuesday. The company has a 50-day simple moving average of $196.26 and a 200-day simple moving average of $226.15. The firm has a market capitalization of $122.31 billion, a P/E ratio of 18.43, a P/E/G 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.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share 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 business had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the company earned $4.33 earnings per share. The firm’s revenue 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 12.25 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

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.