Lowe's Companies, Inc. $LOW Shares Sold by Abundance Wealth Counselors

Key Points

• Abundance Wealth Counselors cut its Lowe’s stake by 83.8% in the third quarter, selling 5,906 shares and retaining 1,145 shares valued at approximately $211,000.
• Despite the reduction, institutional investors collectively own 74.06% of Lowe’s stock, with major firms including BlackRock, State Street and Amundi increasing their positions.
• Lowe’s reported quarterly EPS of $4.40, exceeding estimates, while revenue rose 8.3% year over year. The company declared a $1.25 quarterly dividend, and analysts maintain a “Moderate Buy” consensus with an average price target of $253.48.

Abundance Wealth Counselors lowered its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 83.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,145 shares of the home improvement retailer's stock after selling 5,906 shares during the period. Abundance Wealth Counselors' holdings in Lowe's Companies were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LOW. BlackRock Inc. grew its stake in shares of Lowe's Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock valued at $8,939,928,000 after buying an additional 714,092 shares during the period. State Street Corp increased its position in shares of Lowe's Companies by 3.6% during the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer's stock worth $5,584,873,000 after purchasing an additional 880,815 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Lowe's Companies by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer's stock worth $956,371,000 after purchasing an additional 201,803 shares during the last quarter. Amundi increased its position in shares of Lowe's Companies by 57.3% during the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock worth $637,848,000 after purchasing an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank raised its holdings in Lowe's Companies by 7.1% in the 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer's stock valued at $388,992,000 after buying an additional 109,520 shares during the period. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Down 0.1%

Shares of LOW stock opened at $198.02 on Thursday. The business's 50 day moving average is $196.68 and its two-hundred day moving average is $227.04. Lowe's Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The company has a market capitalization of $111.10 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 1.66 and a beta of 0.89.

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 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. 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 earned $4.33 earnings per share. The company'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. As a group, equities analysts predict that Lowe's Companies, Inc. will post 12.25 earnings per share for the current fiscal year.

Lowe's Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's payout ratio is 42.27%.

Analyst Ratings Changes

LOW has been the topic of a number of recent analyst reports. DA Davidson reaffirmed a "neutral" rating and issued a $245.00 target price on shares of Lowe's Companies in a research report on Wednesday, August 19th. KeyCorp reiterated an "overweight" rating and set a $275.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. JPMorgan Chase & Co. reduced their price target 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. Morgan Stanley reissued an "overweight" rating on shares of Lowe's Companies in a research note on Thursday, August 20th. Finally, Citigroup decreased their price target on Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Lowe's Companies has a consensus rating of "Moderate Buy" and an average target price of $253.48.

Lowe's Companies Company 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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