Lowe’s Companies, Inc. $LOW Stock Sold by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 26.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,501 shares of the home improvement retailer’s stock after selling 3,382 shares during the quarter. Sowell Financial Services LLC’s holdings in Lowe’s Companies were worth $1,751,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Lowe’s Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares during the period. State Street Corp raised its holdings 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 buying an additional 880,815 shares during the period. Bank of New York Mellon Corp raised its holdings in Lowe’s Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock worth $956,371,000 after buying an additional 201,803 shares during the period. Amundi lifted 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 buying an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank lifted its stake in 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 in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 3.9%

NYSE:LOW opened at $204.30 on Friday. The company has a market cap of $114.62 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.64 and a beta of 0.89. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The business has a 50 day moving average price of $197.89 and a two-hundred day moving average price of $213.72.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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. The company had revenue of $25.96 billion for 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%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company 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 anticipate that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors 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 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LOW shares. Wells Fargo & Company reduced their price target on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Sanford C. Bernstein dropped 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 report on Wednesday, September 9th. Mizuho cut their price objective on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. JPMorgan Chase & Co. cut their price objective on shares of Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, Telsey Advisory Group reduced 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 note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $254.29.

Lowe’s Companies 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.