M&G PLC Sells 3,529 Shares of Lowe’s Companies, Inc. $LOW

M&G PLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 388,299 shares of the home improvement retailer’s stock after selling 3,529 shares during the quarter. M&G PLC’s holdings in Lowe’s Companies were worth $71,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. AlphaCore Capital LLC raised its position in Lowe’s Companies by 19.4% in the 3rd quarter. AlphaCore Capital LLC now owns 41,643 shares of the home improvement retailer’s stock worth $7,674,000 after buying an additional 6,770 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Lowe’s Companies by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 164,233 shares of the home improvement retailer’s stock valued at $29,953,000 after acquiring an additional 19,718 shares during the period. Beverly Hills Private Wealth LLC lifted its stake in Lowe’s Companies by 27.2% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 6,876 shares of the home improvement retailer’s stock valued at $1,267,000 after acquiring an additional 1,470 shares during the period. University of Texas Texas AM Investment Management Co. boosted its holdings in shares of Lowe’s Companies by 29.3% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 882 shares of the home improvement retailer’s stock valued at $163,000 after acquiring an additional 200 shares during the last quarter. Finally, M Holdings Securities Inc. purchased a new stake in shares of Lowe’s Companies during the 3rd quarter valued at about $2,037,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. TD Cowen reiterated a “hold” rating and issued a $235.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 20th. Citigroup lowered 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 research report on Thursday, August 20th. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $252.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company cut their target price on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Finally, Gordon Haskett lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a research note on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $254.23.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW opened at $232.17 on Tuesday. The stock’s 50-day simple moving average is $197.66 and its two-hundred day simple moving average is $224.91. The stock has a market capitalization of $130.26 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.92 and a beta of 0.81. Lowe’s Companies, Inc. has a 52-week low of $178.45 and a 52-week high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate of $4.22 by $0.18. The firm had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

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

Lowe’s Companies Company 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.