Lowe’s Companies, Inc. $LOW Stock Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 12.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 96,282 shares of the home improvement retailer’s stock after selling 14,161 shares during the quarter. Kestra Advisory Services LLC’s holdings in Lowe’s Companies were worth $17,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nykredit A S acquired a new position in Lowe’s Companies during the 2nd quarter valued at $42,217,000. First Citizens Bank & Trust Co. boosted its holdings in Lowe’s Companies by 31.8% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer’s stock valued at $4,435,000 after purchasing an additional 5,804 shares during the period. Glenview Trust Co boosted its holdings in Lowe’s Companies by 4.9% in the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer’s stock valued at $50,798,000 after purchasing an additional 10,735 shares during the period. Andra AP fonden grew its position in Lowe’s Companies by 14.6% in the 2nd quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer’s stock worth $23,220,000 after purchasing an additional 13,400 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Lowe’s Companies by 33.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 29,209 shares of the home improvement retailer’s stock worth $5,383,000 after purchasing an additional 7,364 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $225.13 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The firm’s fifty day moving average price is $197.18 and its two-hundred day moving average price is $225.13. The company has a market capitalization of $126.31 billion, a P/E ratio of 19.03, a P/E/G ratio of 1.88 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last announced 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. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter in the prior year, the company posted $4.33 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were paid a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. Lowe’s Companies’s payout ratio is presently 42.27%.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research reports. KeyCorp restated an “overweight” rating and set a $275.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. Piper Sandler reduced their target price 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. Telsey Advisory Group reduced their target price on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. DA Davidson reissued a “neutral” rating and set a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus lowered their price target on Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $253.48.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.