Lowe's Companies, Inc. $LOW Shares Sold by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services cut its Lowe’s stake by 12.8% in the third quarter, selling 14,161 shares and retaining 96,282 shares valued at $17.7 million. Institutional investors collectively own 74.06% of the stock.
• Analyst sentiment is moderately positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $253.48, versus a recent opening price of $225.13.
• Lowe’s latest quarterly earnings beat estimates at $4.40 per share, though revenue fell short of expectations; revenue rose 8.3% year over year. The company also paid a $1.25 quarterly dividend, equivalent to a 2.2% yield.

Kestra Advisory Services LLC cut its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,282 shares of the home improvement retailer's stock after selling 14,161 shares during the quarter. Kestra Advisory Services LLC's holdings in Lowe's Companies were worth $17,744,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Lowe's Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock worth $8,939,928,000 after purchasing an additional 714,092 shares during the last quarter. State Street Corp raised its holdings 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 valued at $5,584,873,000 after purchasing an additional 880,815 shares in the last quarter. Bank of New York Mellon Corp raised its holdings 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 valued at $956,371,000 after purchasing an additional 201,803 shares in the last quarter. Amundi lifted its stake in shares of Lowe's Companies by 57.3% in the 2nd quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock valued at $637,848,000 after purchasing an additional 1,053,237 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of 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 purchasing an additional 109,520 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Guggenheim reiterated a "buy" rating and issued a $275.00 price objective on shares of Lowe's Companies in a report on Monday, September 21st. TD Cowen restated a "hold" rating and set a $235.00 target price on shares of Lowe's Companies in a report on Thursday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of Lowe's Companies in a research report on Thursday, August 20th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $231.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. decreased their price target on Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $253.48.

Lowe's Companies Stock Up 0.3%

Shares of LOW stock opened at $225.13 on Monday. Lowe's Companies, Inc. has a 12 month low of $178.45 and a 12 month high of $293.06. The company has a market cap of $126.31 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81. The business's 50 day moving average is $197.18 and its two-hundred day moving average is $225.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued 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. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same period in the previous year, the company earned $4.33 earnings per share. Lowe's Companies's revenue for the quarter was up 8.3% on a year-over-year basis. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts expect that Lowe's Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is 42.27%.

About Lowe's Companies

Lowe's Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe's also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe's has grown into a major retailer operating across the United States.

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