Lowe’s Companies, Inc. $LOW Holdings Boosted by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 898,929 shares of the home improvement retailer’s stock after acquiring an additional 165,167 shares during the period. ProShare Advisors LLC’s holdings in Lowe’s Companies were worth $165,664,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. 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 worth $637,848,000 after acquiring an additional 1,053,237 shares during the period. State Street Corp raised its position in Lowe’s Companies by 3.6% in 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 purchasing an additional 880,815 shares during the period. BlackRock Inc. lifted its stake in Lowe’s Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after acquiring an additional 714,092 shares during the period. Cullen Capital Management LLC purchased a new position in Lowe’s Companies in the second quarter worth $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Lowe’s Companies by 142.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock worth $244,132,000 after buying an additional 607,046 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $209.18 on Friday. The stock’s fifty day moving average price is $196.23 and its two-hundred day moving average price is $226.43. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The company has a market cap of $117.36 billion, a PE ratio of 17.68, a P/E/G ratio of 1.75 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last announced 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. 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 negative return on equity of 75.67% and a net margin of 7.34%. Lowe’s Companies’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities analysts predict that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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 paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is 42.27%.

Wall Street Analyst Weigh In

LOW has been the subject of several analyst reports. Piper Sandler dropped their price target on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research note on Thursday, August 13th. KeyCorp restated an “overweight” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. Guggenheim restated a “buy” rating and set a $275.00 price objective on shares of Lowe’s Companies in a report on Monday, September 21st. Sanford C. Bernstein cut their price objective on Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 9th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.48.

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.