158,696 Shares of Lowe's Companies, Inc. $LOW Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 158,696 Lowe’s shares in the third quarter, valued at approximately $29.2 million. Institutional investors and hedge funds collectively own 74.06% of the company.
• Lowe’s reported quarterly earnings of $4.40 per share, exceeding estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion but fell slightly short of expectations.
• The company declared a quarterly dividend of $1.25 per share, equivalent to a $5.00 annualized payout and a 2.3% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $253.48.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 158,696 shares of the home improvement retailer's stock, valued at approximately $29,246,000.

Other hedge funds have also recently bought and sold shares of the company. Nykredit A S acquired a new position in shares of Lowe's Companies in the second quarter valued at about $42,217,000. Kathmere Capital Management LLC increased its position in Lowe's Companies by 133.9% during the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer's stock worth $2,222,000 after acquiring an additional 5,383 shares during the period. First Citizens Bank & Trust Co. increased its position in Lowe's Companies by 31.8% during the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock worth $4,435,000 after acquiring an additional 5,804 shares during the period. Glenview Trust Co raised its stake 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 worth $50,798,000 after purchasing an additional 10,735 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in Lowe's Companies by 21.3% in the 2nd quarter. Tidal Investments LLC now owns 144,891 shares of the home improvement retailer's stock worth $31,947,000 after purchasing an additional 25,448 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe's Companies Stock Performance

Shares of NYSE LOW opened at $218.00 on Tuesday. Lowe's Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06. The stock has a market capitalization of $122.31 billion, a P/E ratio of 18.43, a PEG ratio of 1.66 and a beta of 0.89. The stock's fifty day moving average is $196.26 and its 200 day moving average is $226.15.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping 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 business 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 business posted $4.33 earnings per share. Lowe's Companies'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 research analysts forecast 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 will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.3%. Lowe's Companies's payout ratio is presently 42.27%.

Analysts Set New Price Targets

A number of analysts have issued reports on LOW shares. Weiss Ratings downgraded shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 17th. Gordon Haskett cut shares of Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 target price on the stock. in a report on Thursday, September 24th. Telsey Advisory Group dropped their price target on shares of Lowe's Companies from $280.00 to $260.00 and set an "outperform" rating for the company in a research report on Thursday, August 20th. Mizuho dropped 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, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $231.00 price target on shares of Lowe's Companies in a research note 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 given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe's Companies has an average 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 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.

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