Gotham Asset Management LLC Grows Position in Lowe's Companies, Inc. $LOW

Key Points

• Gotham Asset Management grew its position in Lowe's by 98.0% in Q3, increasing to 133,440 shares valued at about $33.54 million after buying an additional 66,042 shares.
• CEO Marvin R. Ellison sold 18,000 shares on January 9 at an average price of $261.17 (a 7.23% reduction), leaving him with 231,043 shares; insiders now own 0.27% of the stock.
• Analysts carry a consensus of "Moderate Buy" with an average target of $289.76, while Lowe's recently beat Q results (EPS $1.98 vs. $1.94; revenue $20.58B) and set FY2026 guidance of $12.25–$12.75 EPS.

Gotham Asset Management LLC grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 98.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,440 shares of the home improvement retailer's stock after buying an additional 66,042 shares during the period. Gotham Asset Management LLC's holdings in Lowe's Companies were worth $33,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Maj Invest Holding A S grew its holdings in shares of Lowe's Companies by 15.7% in the third quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer's stock valued at $201,801,000 after purchasing an additional 108,813 shares during the period. Bridges Investment Management Inc. raised its stake in Lowe's Companies by 13.4% during the third quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer's stock worth $105,759,000 after purchasing an additional 49,858 shares during the period. Facet Wealth Inc. purchased a new position in Lowe's Companies during the third quarter worth about $558,000. Prudential Financial Inc. boosted its holdings in Lowe's Companies by 0.7% in the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer's stock valued at $183,344,000 after purchasing an additional 5,820 shares during the last quarter. Finally, National Pension Service boosted its holdings in Lowe's Companies by 2.7% in the 3rd quarter. National Pension Service now owns 1,286,782 shares of the home improvement retailer's stock valued at $323,381,000 after purchasing an additional 33,686 shares during the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe's Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of Lowe's Companies stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares of the company's stock, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

LOW has been the subject of a number of recent analyst reports. KGI Securities started coverage on shares of Lowe's Companies in a report on Tuesday, March 10th. They set a "neutral" rating and a $255.00 price target for the company. The Goldman Sachs Group upped their price objective on Lowe's Companies from $283.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Evercore cut their target price on Lowe's Companies from $270.00 to $260.00 and set a "neutral" rating for the company in a research note on Tuesday, March 3rd. Gordon Haskett reduced their target price on Lowe's Companies from $325.00 to $300.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $275.00 price target on shares of Lowe's Companies in a research note on Thursday, February 26th. Twenty-one research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $289.76.

Lowe's Companies Stock Performance

Shares of LOW stock opened at $242.30 on Tuesday. The firm has a market cap of $135.92 billion, a P/E ratio of 20.45, a P/E/G ratio of 5.16 and a beta of 0.98. The firm's 50 day moving average price is $268.34 and its 200-day moving average price is $254.00. Lowe's Companies, Inc. has a one year low of $206.38 and a one year high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. The firm had revenue of $20.58 billion during the quarter, compared to the consensus estimate of $20.34 billion. Lowe's Companies had a net margin of 7.71% and a negative return on equity of 61.40%. During the same quarter last year, the firm earned $1.93 EPS. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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