Korea Investment CORP Sells 80,774 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Korea Investment CORP cut its Lowe’s stake by 18.9%, selling 80,774 shares and now holding 347,515 shares worth about $87.33 million (≈0.06% of the company).
• Lowe’s reported an earnings beat for the quarter—$1.98 EPS vs. $1.94 expected and $20.58B revenue vs. $20.34B—and set FY2026 guidance of 12.25–12.75 EPS, while analysts’ consensus EPS is ~11.9 with a $291 consensus price target.
• Insider and institutional activity: CEO Marvin R. Ellison sold 18,000 shares (about $4.7M) and institutional ownership stands at roughly 74.06%.

Korea Investment CORP reduced its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,515 shares of the home improvement retailer's stock after selling 80,774 shares during the quarter. Korea Investment CORP owned 0.06% of Lowe's Companies worth $87,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Maj Invest Holding A S boosted its position in 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 buying an additional 108,813 shares in the last quarter. Bridges Investment Management Inc. increased its holdings in shares of 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 buying an additional 49,858 shares in the last quarter. Facet Wealth Inc. bought a new position in shares of Lowe's Companies in the third quarter valued at approximately $558,000. Prudential Financial Inc. raised its stake in shares of Lowe's Companies by 0.7% in the second quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer's stock valued at $183,344,000 after acquiring an additional 5,820 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in shares of Lowe's Companies by 119.7% in the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock worth $7,889,000 after acquiring an additional 17,413 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Price Performance

LOW stock opened at $251.89 on Friday. The company has a 50 day moving average price of $268.21 and a 200 day moving average price of $254.62. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $293.06. The stock has a market capitalization of $141.30 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 5.47 and a beta of 0.98.

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

Insider Transactions at Lowe's Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. This trade represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho increased their price target on Lowe's Companies from $272.00 to $294.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. Wells Fargo & Company boosted their price objective on Lowe's Companies from $280.00 to $290.00 and gave the stock an "overweight" rating in a research note on Thursday, February 26th. Oppenheimer decreased their target price on Lowe's Companies from $320.00 to $315.00 and set an "outperform" rating on the stock in a report on Friday, December 5th. Weiss Ratings restated a "hold (c+)" rating on shares of Lowe's Companies in a research note on Monday, December 29th. Finally, Guggenheim lifted their price target on Lowe's Companies from $280.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $291.00.

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.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.