3,382 Lowe’s Companies, Inc. $LOW Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC trimmed its position in Lowe’s Companies, Inc. (NYSE:LOW) by 26.3% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,501 shares of the home improvement retailer’s stock after selling 3,382 shares during the period. Sowell Financial Services LLC’s holdings in Lowe’s Companies were worth $1,751,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Juno Financial Group LLC lifted its stake in shares of Lowe’s Companies by 0.4% during the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock valued at $2,809,000 after acquiring an additional 43 shares during the period. TSG Advice Partners LLC increased its position in Lowe’s Companies by 3.3% in the first quarter. TSG Advice Partners LLC now owns 1,373 shares of the home improvement retailer’s stock worth $324,000 after purchasing an additional 44 shares during the period. Ameliora Wealth Management Ltd. increased its position in Lowe’s Companies by 2.5% in the first quarter. Ameliora Wealth Management Ltd. now owns 1,834 shares of the home improvement retailer’s stock worth $433,000 after purchasing an additional 45 shares during the period. Livet Wealth LLC raised its holdings in Lowe’s Companies by 4.9% during the 1st quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer’s stock worth $227,000 after purchasing an additional 45 shares during the last quarter. Finally, Davidson Trust Co. raised its holdings in Lowe’s Companies by 0.8% during the 1st quarter. Davidson Trust Co. now owns 5,662 shares of the home improvement retailer’s stock worth $1,338,000 after purchasing an additional 47 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 3.9%

NYSE:LOW opened at $204.30 on Friday. Lowe’s Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06. The business’s 50-day moving average price is $197.89 and its two-hundred day moving average price is $213.72. The firm has a market capitalization of $114.62 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.64 and a beta of 0.89.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.22 by $0.18. The firm 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 was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Sell-side analysts predict that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.4%. Lowe’s Companies’s payout ratio is currently 42.27%.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. Mizuho cut their target price on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Melius Research set a $244.00 price target on shares of Lowe’s Companies in a research note on Tuesday, October 6th. UBS Group dropped their price target on shares of 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. Citigroup cut their price objective on shares of Lowe’s Companies from $267.00 to $260.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Lowe’s Companies in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $254.29.

About Lowe’s Companies

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.