Lowe’s Companies, Inc. $LOW Stock Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 100,798 shares of the home improvement retailer’s stock after acquiring an additional 9,194 shares during the period. Rakuten Investment Management Inc.’s holdings in Lowe’s Companies were worth $18,875,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LOW. Markel Group Inc. grew its stake in shares of Lowe’s Companies by 1.3% in the 3rd quarter. Markel Group Inc. now owns 761,480 shares of the home improvement retailer’s stock valued at $140,333,000 after buying an additional 9,500 shares during the period. Parr Mcknight Wealth Management Group LLC lifted its holdings in Lowe’s Companies by 1.1% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 37,483 shares of the home improvement retailer’s stock valued at $6,908,000 after acquiring an additional 411 shares during the last quarter. Westhampton Capital LLC lifted its holdings in Lowe’s Companies by 3.0% in the third quarter. Westhampton Capital LLC now owns 8,058 shares of the home improvement retailer’s stock valued at $1,485,000 after acquiring an additional 236 shares during the last quarter. Provenance Wealth Advisors LLC lifted its holdings in Lowe’s Companies by 2,765.1% in the third quarter. Provenance Wealth Advisors LLC now owns 7,220 shares of the home improvement retailer’s stock valued at $1,331,000 after acquiring an additional 6,968 shares during the last quarter. Finally, Associated Banc Corp purchased a new position in Lowe’s Companies in the third quarter worth approximately $28,461,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LOW has been the topic of a number of research analyst reports. DA Davidson restated a “neutral” rating and issued a $245.00 target price on shares of Lowe’s Companies in a research report on Wednesday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $231.00 price target on shares of Lowe’s Companies in a report on Thursday, August 20th. Weiss Ratings downgraded Lowe’s Companies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. UBS Group reduced their price objective on shares of Lowe’s Companies from $285.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $235.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $253.48.

Key Lowe’s Companies News

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Housing stocks, including Lowe’s, rallied after Democrats’ election gains as interest rates edged lower and investors saw signs inflation could ease. Lower borrowing costs could support housing activity and renovation spending. Read article
• Positive Sentiment: An institutional investor reportedly established a $6.93 million stake in Lowe’s ahead of earnings. The investment may signal confidence, although the article provides no details about the investor’s rationale and the stake alone does not establish a broader trend. Read article
• Positive Sentiment: Georgia Ports named Lowe’s its Supply Chain Impact Partner of the Year, recognizing the retailer’s supply-chain relationship. The recognition is favorable but does not indicate a specific financial benefit. Read article
• Neutral Sentiment: A report says Lowe’s plans to open new stores, but the supplied information does not specify locations, timing, or expected investment, limiting insight into the potential impact. Read article

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $229.42 on Thursday. The business has a 50-day moving average of $196.48 and a 200 day moving average of $225.60. Lowe’s Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The stock has a market capitalization of $128.72 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 1.79 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last released 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 company had revenue of $25.96 billion for 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 firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Announces Dividend

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

Lowe’s Companies Company Profile

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.