Lowe's Companies, Inc. $LOW Shares Newly Purchased by Sanders Morris Harris LLC

Key Points

• Sanders Morris Harris LLC bought 16,579 Lowe’s shares worth approximately $3.06 million in the third quarter, while institutional investors collectively own 74.06% of the company.
• Lowe’s shares recently traded at $188.36, near their 52-week low, despite the company beating quarterly EPS estimates and reporting 8.3% year-over-year revenue growth.
• The company declared a quarterly dividend of $1.25, representing a $5.00 annualized payout and a 2.7% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $254.29.

Sanders Morris Harris LLC purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 16,579 shares of the home improvement retailer's stock, valued at approximately $3,060,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Adirondack Trust Co. lifted its stake in shares of Lowe's Companies by 8.2% during the third quarter. Adirondack Trust Co. now owns 2,600 shares of the home improvement retailer's stock valued at $479,000 after acquiring an additional 197 shares during the period. Lodestone Wealth Management LLC grew its position in shares of Lowe's Companies by 95.6% during the 3rd quarter. Lodestone Wealth Management LLC now owns 221 shares of the home improvement retailer's stock worth $41,000 after buying an additional 108 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in Lowe's Companies by 31.8% in the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock valued at $4,435,000 after buying an additional 5,804 shares during the period. Focus Financial Network Inc. grew its holdings in Lowe's Companies by 4.1% during the 3rd quarter. Focus Financial Network Inc. now owns 1,781 shares of the home improvement retailer's stock worth $328,000 after acquiring an additional 70 shares during the period. Finally, ASK Capital Investment Managers LLC acquired a new position in shares of Lowe's Companies in the 3rd quarter valued at $548,000. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Down 0.2%

Shares of NYSE:LOW traded down $0.38 during trading on Wednesday, hitting $188.36. 2,647,819 shares of the company's stock traded hands, compared to its average volume of 2,957,651. The company has a market cap of $105.68 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.55 and a beta of 0.89. The company has a 50-day moving average price of $201.04 and a 200-day moving average price of $215.53. Lowe's Companies, Inc. has a 52 week low of $178.45 and a 52 week high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating 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 company 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 company earned $4.33 earnings per share. The business's quarterly 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. On average, analysts predict that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.7%. Lowe's Companies's dividend payout ratio (DPR) is currently 42.27%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LOW. Truist Financial decreased their target price on Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. Melius Research set a $244.00 price target on shares of Lowe's Companies in a research report on Tuesday, October 6th. Citigroup cut their price target on shares of Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. JPMorgan Chase & Co. reduced their price objective on shares of Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, Morgan Stanley restated an "overweight" rating on shares of Lowe's Companies in a report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $254.29.

Key Lowe's Companies News

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

• Positive Sentiment: Lowe’s dividend appears sustainable, supported by its extensive store network, customer relationships, growing professional-contractor business and resilient cash generation. The company has doubled its quarterly dividend since 2021, strengthening its appeal to income-focused investors. Lowe’s Dividend Sustainability Looks Solid, but Returns Face a Test
• Positive Sentiment: Investments in digital fulfillment and e-commerce, including approximately $542 million spent in fiscal second-quarter 2026, along with the Mylow AI assistant and expanded holiday promotions, could improve customer engagement and support long-term sales growth. Lowe's AI-Driven Holiday Push and E-Commerce Spend Might Change The Case For Investing In Lowe's Companies
• Neutral Sentiment: Traeger is awaiting a broader Lowe’s rollout in 2027. The potential expansion could create a future sales opportunity, but the benefits are not expected to materially affect near-term results. Traeger: Waiting For The Lowe's Rollout In 2027
• Negative Sentiment: Management has cited cautious customers and heightened competitive pressure, particularly from promotions that Lowe’s did not fully match. This raises concerns about traffic, market share and margins during the important holiday period. What Could Derail Lowe's Stock?
• Negative Sentiment: A frozen housing market could delay big-ticket home-improvement projects, while debt from recent acquisitions may limit the company’s flexibility to keep raising its dividend at its prior pace. Lowe’s Keeps Raising Its Dividend. A Frozen Housing Market Could Test That Streak

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.

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