Lowe's Companies, Inc. $LOW Stock Acquired by D.A. Davidson & CO.

Key Points

• D.A. Davidson increased its Lowe’s stake by 7.8% in the third quarter, bringing its holdings to 315,453 shares valued at approximately $58.1 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, exceeding estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion but narrowly missed expectations.
• The company declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing a 2.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $253.48, above the reported share price of $198.02.

D.A. Davidson & CO. increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,453 shares of the home improvement retailer's stock after purchasing an additional 22,943 shares during the quarter. D.A. Davidson & CO.'s holdings in Lowe's Companies were worth $58,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Lowe's Companies by 121.6% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 15,958 shares of the home improvement retailer's stock valued at $2,941,000 after acquiring an additional 8,756 shares during the period. North Dakota State Investment Board boosted its holdings in Lowe's Companies by 3.0% in the third quarter. North Dakota State Investment Board now owns 17,172 shares of the home improvement retailer's stock valued at $3,165,000 after acquiring an additional 506 shares during the last quarter. Maj Invest Holding A S increased its position in Lowe's Companies by 31.3% in the third quarter. Maj Invest Holding A S now owns 610,988 shares of the home improvement retailer's stock worth $112,597,000 after purchasing an additional 145,582 shares during the period. Vantage Investment Partners LLC increased its position in Lowe's Companies by 1.0% in the third quarter. Vantage Investment Partners LLC now owns 68,784 shares of the home improvement retailer's stock worth $12,676,000 after purchasing an additional 670 shares during the period. Finally, Stockman Wealth Management Inc. increased its position in Lowe's Companies by 3.9% in the third quarter. Stockman Wealth Management Inc. now owns 1,871 shares of the home improvement retailer's stock worth $345,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Price Performance

Lowe's Companies stock opened at $198.02 on Thursday. The company's 50 day simple moving average is $196.68 and its 200 day simple moving average is $227.04. Lowe's Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The firm has a market capitalization of $111.10 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.66 and a beta of 0.89.

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 (EPS) for the quarter, beating 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 firm had revenue of $25.96 billion during the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the previous year, the company earned $4.33 earnings per share. The business'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, analysts predict that Lowe's Companies, Inc. will post 12.25 EPS 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. Stockholders 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 dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is currently 42.27%.

Analysts Set New Price Targets

A number of research firms have issued reports on LOW. Wells Fargo & Company cut their target price on shares of Lowe's Companies from $255.00 to $245.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 11th. DA Davidson reaffirmed a "neutral" rating and issued a $245.00 target price on shares of Lowe's Companies in a research note on Wednesday, August 19th. TD Cowen reiterated a "hold" rating and set a $235.00 price target on shares of Lowe's Companies in a research report on Thursday, August 20th. Truist Financial dropped their price target on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. Finally, Melius Research set a $244.00 price target on shares of Lowe's Companies in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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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