Great Lakes Advisors LLC Acquires Shares of 32,847 Lowe's Companies, Inc. $LOW

Key Points

• Great Lakes Advisors acquired 32,847 Lowe’s shares worth approximately $7.24 million, while institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, beating estimates of $4.22, although revenue of $25.96 billion fell short of expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $261.63.
• The company raised its quarterly dividend to $1.25 per share, representing an annualized payout of $5.00 and a yield of roughly 2.3%; however, analysts cited weaker comparable-sales momentum and a lower full-year outlook as ongoing concerns.

Great Lakes Advisors LLC bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 32,847 shares of the home improvement retailer's stock, valued at approximately $7,243,000.

Several other hedge funds have also made changes to their positions in the business. Swiss RE Ltd. acquired a new stake in Lowe's Companies during the 4th quarter worth approximately $25,000. Wilkerson Advisory Group LLC acquired a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $27,000. Sankala Group LLC acquired a new position in shares of Lowe's Companies in the fourth quarter valued at approximately $33,000. Triumph Capital Management purchased a new stake in shares of Lowe's Companies during the third quarter worth approximately $34,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Lowe's Companies during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of analyst reports. Jefferies Financial Group lowered their price objective on shares of Lowe's Companies from $305.00 to $278.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Robert W. Baird reduced their target price on shares of Lowe's Companies from $320.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, May 21st. Mizuho lowered their target price on shares of Lowe's Companies from $294.00 to $280.00 and set an "outperform" rating on the stock in a report on Thursday, May 21st. Finally, BNP Paribas Exane dropped their price target on shares of Lowe's Companies from $228.00 to $202.00 and set an "underperform" rating on the stock in a research note on Thursday, May 21st. Twenty-three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $261.63.

Lowe's Companies Price Performance

Lowe's Companies stock opened at $220.74 on Thursday. Lowe's Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The company has a market cap of $123.77 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.76 and a beta of 0.86. The stock's 50 day moving average price is $216.21 and its 200 day moving average price is $233.46.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. The firm had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a negative return on equity of 67.96% and a net margin of 7.51%.Lowe's Companies's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities research analysts anticipate that Lowe's Companies, Inc. will post 12.43 EPS for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were paid a dividend of $1.25 per share. This is a boost from Lowe's Companies's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.3%. Lowe's Companies's dividend payout ratio is currently 42.27%.

Key Stories Impacting Lowe's Companies

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

• Positive Sentiment: Adjusted EPS beat estimates by $0.18, and quarterly revenue still grew meaningfully year over year. Analysts characterized comparable sales as better than feared, while the stock’s roughly 2.3% dividend yield and depressed valuation may attract value-oriented investors. Lowe’s Q2 earnings beat analysis
• Positive Sentiment: DA Davidson reaffirmed its neutral rating but set a $245 price target, implying potential upside from recent trading levels. Longer term, investors continue to view Lowe’s acquisitions and its Total Home strategy as potential beneficiaries if housing activity and renovation demand recover. DA Davidson rating update
• Neutral Sentiment: Elevated mortgage rates are encouraging homeowners to maintain existing properties rather than move, but they are also discouraging large renovation projects. This supports smaller maintenance purchases while limiting higher-value DIY demand. Home improvement maintenance economy
• Negative Sentiment: Lowe’s lagged Home Depot’s stronger comparable-sales momentum, raising concerns about market-share loss and an unfavorable product mix rather than merely an industry-wide slowdown. The lower full-year outlook reinforces expectations for pressure through the second half. Lowe’s and Home Depot comparison

Insider Activity

In related news, EVP Juliette Williams Pryor sold 9,330 shares of the business's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the sale, the executive vice president owned 16,142 shares of the company's stock, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $223.83, for a total transaction of $559,575.00. Following the transaction, the executive vice president owned 20,220 shares in the company, valued at $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 25,980 shares of company stock worth $5,796,937 in the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

Lowe's Companies Company 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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