Lowe’s Companies, Inc. $LOW Shares Newly Purchased by ASK Capital Investment Managers LLC

ASK Capital Investment Managers LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,975 shares of the home improvement retailer’s stock, valued at approximately $548,000. Lowe’s Companies accounts for approximately 0.6% of ASK Capital Investment Managers LLC’s investment portfolio, making the stock its 26th biggest holding.

Several other large investors have also added to or reduced their stakes in the stock. Sankala Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $33,000. Markowski Investments bought a new position in shares of Lowe’s Companies in the second quarter valued at approximately $33,000. IAG Wealth Partners LLC boosted its position in shares of Lowe’s Companies by 178.6% in the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock valued at $37,000 after acquiring an additional 100 shares during the period. Provenance Wealth Advisors LLC boosted its position in shares of Lowe’s Companies by 416.7% in the first quarter. Provenance Wealth Advisors LLC now owns 186 shares of the home improvement retailer’s stock valued at $44,000 after acquiring an additional 150 shares during the period. Finally, Legacy Wealth Managment LLC ID grew its stake in Lowe’s Companies by 219.7% during the first 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. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LOW. Wells Fargo & Company decreased their target price on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Truist Financial cut their price target on shares of Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Melius Research set a $244.00 price target on shares of Lowe’s Companies in a research report on Tuesday, October 6th. Mizuho reduced their price target on shares of Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Lowe’s Companies Trading Up 1.7%

Shares of LOW opened at $188.75 on Wednesday. The company has a market cap of $105.90 billion, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.55 and a beta of 0.89. The stock has a 50-day moving average price of $201.04 and a 200-day moving average price of $215.53. 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 issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. Lowe’s Companies’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, analysts predict that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.6%. Lowe’s Companies’s payout ratio is presently 42.27%.

About Lowe’s Companies

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.