Lowe’s Companies, Inc. $LOW Stock Acquired by Davis Investment Partners LLC

Davis Investment Partners LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 360.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,404 shares of the home improvement retailer’s stock after purchasing an additional 3,448 shares during the quarter. Davis Investment Partners LLC’s holdings in Lowe’s Companies were worth $812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Markowski Investments acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $33,000. William Mack & Associates Inc. purchased a new position in Lowe’s Companies in the 3rd quarter worth $31,000. Latitude Advisors LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth $32,000. Legacy Wealth Managment LLC ID lifted 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 acquiring an additional 134 shares during the period. Finally, John Boyer Inc. acquired a new stake in Lowe’s Companies during the 3rd quarter worth about $36,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOW has been the topic of several research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 20th. Melius Research set a $244.00 price objective on Lowe’s Companies in a research note on Tuesday, October 6th. UBS Group reduced their price objective on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Wells Fargo & Company decreased their target price on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. Finally, Piper Sandler dropped their target price on 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. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $254.74.

More Lowe’s Companies News

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

• Positive Sentiment: Lowe’s is now Bilt’s exclusive home-improvement partner, giving it access to Bilt’s more than 8 million members through shopping rewards, MyLowe’s Rewards and home services. The partnership also introduces a home-maintenance membership, which could help attract customers and encourage repeat business. Lowe’s and Bilt partnership announcement
• Positive Sentiment: Sanford C. Bernstein raised its price target to $270 and maintained an “outperform” rating; JPMorgan also lifted its target, to $275, with an “overweight” rating. The revisions signal improved analyst views of Lowe’s prospects. Bernstein rating information
• Positive Sentiment: A recent dividend-stock article described Lowe’s as resilient despite a weak housing market and said its dividend has room to grow, supporting its appeal to income-focused investors. Dividend stocks article
• Negative Sentiment: Walmart is gaining shoppers across income groups, highlighting competition for the same big-box customers. This could make it harder for Lowe’s and other retailers to win spending, though the article does not report a specific change in Lowe’s performance. Big-box retailer competition article

Lowe’s Companies Price Performance

NYSE:LOW opened at $231.79 on Wednesday. The company’s fifty day moving average price is $198.20 and its 200-day moving average price is $224.69. 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 $130.05 billion, a P/E ratio of 19.59, a PEG ratio of 1.94 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last posted its earnings results 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 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%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st were paid 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 dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

About Lowe’s Companies

Lowe’s Companies, Inc. is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels. Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support. Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.