Lowe’s Companies, Inc. $LOW Stock Position Raised by Simplicity Wealth LLC

Simplicity Wealth LLC raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 324.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 32,142 shares of the home improvement retailer’s stock after buying an additional 24,572 shares during the quarter. Simplicity Wealth LLC’s holdings in Lowe’s Companies were worth $5,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOW. BlackRock Inc. increased its position in Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after acquiring an additional 714,092 shares during the last quarter. State Street Corp lifted its holdings in Lowe’s Companies by 3.6% in the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock valued at $5,584,873,000 after acquiring an additional 880,815 shares during the period. Bank of New York Mellon Corp boosted its position in Lowe’s Companies by 5.2% in the first 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 purchasing an additional 201,803 shares during the last quarter. Amundi increased its position in shares of Lowe’s Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after purchasing an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Lowe’s Companies by 7.1% during the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after purchasing an additional 109,520 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LOW. KeyCorp reaffirmed an “overweight” rating and set a $275.00 target price on shares of Lowe’s Companies in a report on Thursday, August 20th. Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research note on Thursday, September 24th. Melius Research set a $244.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, October 6th. Wells Fargo & Company reduced their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $254.29.

Lowe’s Companies Stock Down 2.7%

Shares of LOW stock opened at $198.82 on Friday. The stock has a market cap of $111.55 billion, a P/E ratio of 16.81, a PEG 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. The company’s fifty day simple moving average is $197.50 and its two-hundred day simple moving average is $213.62.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.5%. Lowe’s Companies’s payout ratio is currently 42.27%.

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.