Lowe’s Companies, Inc. $LOW Stock 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 3rd quarter, HoldingsChannel.com reports. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LOW. Amundi grew its position in Lowe’s Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock worth $637,848,000 after acquiring an additional 1,053,237 shares during the period. State Street Corp raised its position 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 purchasing an additional 880,815 shares during the period. BlackRock Inc. raised its position in Lowe’s Companies by 1.8% in 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 purchasing an additional 714,092 shares during the period. Cullen Capital Management LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter valued at $139,207,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Lowe’s Companies by 142.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,033,232 shares of the home improvement retailer’s stock valued at $244,132,000 after purchasing an additional 607,046 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of research analyst reports. TD Cowen reiterated a “hold” rating and set a $235.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Stifel Nicolaus reduced their price objective on shares of Lowe’s Companies from $220.00 to $195.00 and set a “hold” rating on the stock in a report on Monday, October 26th. Guggenheim reaffirmed a “buy” rating and issued a $275.00 target price on shares of Lowe’s Companies in a research report on Monday, September 21st. Truist Financial lowered their target price on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a research report on Thursday, August 20th. One 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. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $253.48.

Lowe’s Companies Stock Performance

LOW stock opened at $209.18 on Friday. The company’s 50 day moving average price is $196.23 and its 200 day moving average price is $226.43. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The firm has a market capitalization of $117.36 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.75 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 for the quarter, beating the consensus estimate 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 firm had revenue of $25.96 billion for the quarter, compared to analysts’ expectations of $26.13 billion. During the same quarter last year, the company earned $4.33 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities analysts forecast that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

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

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.