Lowe’s Companies, Inc. $LOW Shares Newly Bought by Greg Jennings LLC

Greg Jennings LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,899 shares of the home improvement retailer’s stock, valued at approximately $1,272,000. Lowe’s Companies accounts for 0.9% of Greg Jennings LLC’s portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Sankala Group LLC bought a new position in Lowe’s Companies in the fourth quarter worth about $33,000. Markowski Investments bought a new position in shares of Lowe’s Companies during the second quarter valued at approximately $33,000. IAG Wealth Partners LLC grew its holdings in shares of Lowe’s Companies by 178.6% during the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after purchasing an additional 100 shares during the last quarter. Miller Global Investments LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at approximately $40,000. Finally, Lodestone Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 95.6% during the third quarter. Lodestone Wealth Management LLC now owns 221 shares of the home improvement retailer’s stock valued at $41,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of several recent research reports. Mizuho cut their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Melius Research set a $244.00 target price on Lowe’s Companies in a research report on Tuesday, October 6th. TD Cowen reaffirmed a “hold” rating and issued a $235.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. KeyCorp reiterated an “overweight” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, Evercore set a $190.00 price target on shares of Lowe’s Companies in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $254.29.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $1.51 during trading hours on Monday, hitting $195.87. The stock had a trading volume of 3,085,742 shares, compared to its average volume of 2,967,850. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06. The firm has a market capitalization of $109.89 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 1.65 and a beta of 0.89. The stock’s fifty day simple moving average is $199.44 and its 200 day simple moving average is $214.70.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the prior year, the business posted $4.33 earnings per share. The company’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. As a group, research analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.6%. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

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.