Lowe’s Companies, Inc. $LOW Stock: ProShare Advisors LLC Grows Stake

ProShare Advisors LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 898,929 shares of the home improvement retailer’s stock after acquiring an additional 165,167 shares during the quarter. ProShare Advisors LLC owned approximately 0.16% of Lowe’s Companies worth $165,664,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. William Mack & Associates Inc. bought a new position in shares of Lowe’s Companies in the third quarter valued at about $31,000. Latitude Advisors LLC acquired a new position in Lowe’s Companies in the 3rd quarter valued at $32,000. Markowski Investments bought a new position in Lowe’s Companies in the 2nd quarter valued at about $33,000. John Boyer Inc. bought a new position in Lowe’s Companies in the 3rd quarter valued at approximately $36,000. Finally, IAG Wealth Partners LLC lifted its position in shares of Lowe’s Companies by 178.6% in the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock worth $37,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.9%

Shares of LOW stock opened at $209.18 on Friday. The stock has a market cap of $117.36 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.75 and a beta of 0.89. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The business has a fifty day simple moving average of $196.23 and a 200-day simple moving average of $226.43.

Lowe’s Companies (NYSE:LOW) last announced 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 for the quarter, compared to analyst estimates 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LOW. Evercore set a $190.00 price target on shares of Lowe’s Companies in a research note on Tuesday, October 6th. Truist Financial cut their price objective on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Mizuho decreased their target price 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. TD Cowen reissued a “hold” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, Telsey Advisory Group decreased their target price on Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $253.48.

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.