Lowe's Companies, Inc. $LOW Shares Sold by Courier Capital LLC

Key Points

• Courier Capital reduced its Lowe’s position by 60.6% in the third quarter, selling 13,700 shares and retaining 8,898 shares valued at approximately $1.64 million. Institutional investors and hedge funds collectively own 74.06% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $254.29, despite several firms recently lowering targets or downgrading the stock to “Hold.”
• Lowe’s shares recently traded at $188.75, while the company reported quarterly EPS of $4.40, exceeding expectations, and declared a $1.25 quarterly dividend—equivalent to a 2.6% annualized yield.

Courier Capital LLC cut its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 60.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,898 shares of the home improvement retailer's stock after selling 13,700 shares during the period. Courier Capital LLC's holdings in Lowe's Companies were worth $1,640,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Catalyst Private Wealth LLC acquired a new position in shares of Lowe's Companies during the third quarter valued at about $232,000. St. Clair Advisors LLC raised its position in shares of Lowe's Companies by 1.9% in the 3rd quarter. St. Clair Advisors LLC now owns 5,425 shares of the home improvement retailer's stock valued at $1,000,000 after purchasing an additional 100 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in shares of Lowe's Companies by 2.0% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 85,974 shares of the home improvement retailer's stock valued at $16,236,000 after purchasing an additional 1,673 shares during the last quarter. Perpetual Ltd boosted its stake in Lowe's Companies by 6.6% in the 3rd quarter. Perpetual Ltd now owns 2,403 shares of the home improvement retailer's stock worth $443,000 after purchasing an additional 149 shares in the last quarter. Finally, Woodstock Corp boosted its stake in Lowe's Companies by 0.3% in the 3rd quarter. Woodstock Corp now owns 17,821 shares of the home improvement retailer's stock worth $3,284,000 after purchasing an additional 55 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LOW shares. Sanford C. Bernstein dropped their target price on shares of Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 9th. Gordon Haskett cut shares of Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 price target for the company. in a report on Thursday, September 24th. Evercore set a $190.00 price objective on shares of Lowe's Companies in a research note on Tuesday, October 6th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $231.00 price objective on shares of Lowe's Companies in a research note on Thursday, August 20th. Finally, TD Cowen reissued a "hold" rating and set a $235.00 price objective on shares of Lowe's Companies in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $254.29.

Lowe's Companies Trading Up 1.7%

Shares of LOW stock traded up $3.18 during mid-day trading on Tuesday, reaching $188.75. The stock had a trading volume of 3,125,446 shares, compared to its average volume of 2,960,268. Lowe's Companies, Inc. has a 1-year low of $178.45 and a 1-year high of $293.06. The firm has a market cap of $105.90 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.56 and a beta of 0.89. The business's fifty day moving average is $201.63 and its 200-day moving average is $215.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. The firm had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous 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, analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.6%. Lowe's Companies's dividend payout ratio (DPR) is currently 42.27%.

About Lowe's Companies

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.

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.