3,000 Lowe’s Companies, Inc. $LOW Shares Purchased by Viking Fund Management LLC

Viking Fund Management LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 30.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,000 shares of the home improvement retailer’s stock after acquiring an additional 3,000 shares during the quarter. Viking Fund Management LLC’s holdings in Lowe’s Companies were worth $2,396,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Sankala Group LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at $33,000. Markowski Investments acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth about $33,000. IAG Wealth Partners LLC boosted its stake in shares of Lowe’s Companies by 178.6% during the 1st quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 100 shares during the last quarter. Provenance Wealth Advisors LLC boosted its stake in shares of Lowe’s Companies by 416.7% during the 1st quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer’s stock worth $44,000 after buying an additional 150 shares during the last quarter. Finally, Legacy Wealth Managment LLC ID grew its holdings in shares of Lowe’s Companies by 219.7% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after acquiring an additional 134 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LOW. Citigroup lowered their target price on Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. UBS Group reduced their price target on Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. Gordon Haskett cut Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target for the company. in a research report on Thursday, September 24th. Melius Research set a $244.00 price target on Lowe’s Companies in a research note on Tuesday, October 6th. Finally, Evercore set a $190.00 price target on Lowe’s Companies in a research report on Tuesday, October 6th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $254.29.

Key Stories Impacting Lowe’s Companies

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

• Positive Sentiment: Lowe’s dividend remains a key attraction. The company has roughly doubled its quarterly payout since 2021, supported by a resilient store network, strong customer relationships and growing exposure to professional contractors. Lowe’s Dividend Sustainability Looks Solid, but Returns Face a Test
• Positive Sentiment: The retailer is investing approximately $542 million in digital and fulfillment capabilities and using its Mylow artificial-intelligence assistant, e-commerce upgrades and extended holiday promotions to improve customer engagement and support sales growth. Lowe’s AI-Driven Holiday Push and E-Commerce Spend Might Change The Case For Investing In Lowe’s Companies (LOW)
• Positive Sentiment: Traeger’s planned Lowe’s rollout in 2027 could provide an additional merchandise and vendor opportunity, although the financial impact is still prospective. Traeger: Waiting For The Lowe’s Rollout In 2027

Lowe’s Companies Stock Down 0.2%

NYSE:LOW opened at $188.36 on Thursday. The stock’s 50 day moving average price is $200.41 and its two-hundred day moving average price is $215.19. The firm has a market capitalization of $105.68 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.58 and a beta of 0.89. Lowe’s Companies, Inc. has a 12-month low of $178.45 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOW) last released 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 during 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 business’s revenue was up 8.3% on a year-over-year basis. During the same period last 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 research analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be issued 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 yield of 2.7%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 42.27%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.