Lowe's Companies, Inc. $LOW Stock: Alps Advisors Inc. Reduces Position

Key Points

• Alps Advisors cut its Lowe’s stake by 9.9% in the third quarter, selling 5,816 shares and retaining 52,893 shares valued at $9.75 million. Institutional investors collectively own 74.06% of the stock.
• Lowe’s reported quarterly EPS of $4.40, beating the $4.22 consensus, while revenue of $25.96 billion fell short of estimates but rose 8.3% year over year. The company’s FY2026 EPS guidance is $12.25.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $253.48; the stock opened at $225.13 in the latest session cited.

Alps Advisors Inc. trimmed its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,893 shares of the home improvement retailer's stock after selling 5,816 shares during the quarter. Alps Advisors Inc.'s holdings in Lowe's Companies were worth $9,748,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Juno Financial Group LLC raised its holdings in shares of Lowe's Companies by 0.4% during the first quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer's stock worth $2,809,000 after purchasing an additional 43 shares during the last quarter. Spinnaker Trust lifted its holdings in Lowe's Companies by 3.7% in the second quarter. Spinnaker Trust now owns 1,345 shares of the home improvement retailer's stock valued at $297,000 after acquiring an additional 48 shares during the period. Roxbury Financial LLC boosted its position in Lowe's Companies by 0.8% in the 2nd quarter. Roxbury Financial LLC now owns 6,359 shares of the home improvement retailer's stock worth $1,402,000 after purchasing an additional 52 shares in the last quarter. Cordgrass Capital Advisors LLC boosted its position in Lowe's Companies by 1.2% in the 3rd quarter. Cordgrass Capital Advisors LLC now owns 4,486 shares of the home improvement retailer's stock worth $827,000 after purchasing an additional 52 shares in the last quarter. Finally, Carson Advisory Inc. boosted its position in Lowe's Companies by 1.9% in the 1st quarter. Carson Advisory Inc. now owns 2,882 shares of the home improvement retailer's stock worth $681,000 after purchasing an additional 53 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Performance

NYSE:LOW opened at $225.13 on Friday. Lowe's Companies, Inc. has a one year low of $178.45 and a one year high of $293.06. The stock has a market cap of $126.31 billion, a PE ratio of 19.03, a P/E/G ratio of 1.88 and a beta of 0.81. The stock has a 50 day moving average price of $197.18 and a 200 day moving average price of $225.13.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) 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 the consensus estimate of $26.13 billion. During the same quarter last year, the firm earned $4.33 EPS. The business's 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, 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 disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is presently 42.27%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein lowered their price target on shares of Lowe's Companies from $261.00 to $254.00 and set an "outperform" rating on the stock in a report on Wednesday, September 9th. Mizuho dropped their price target on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday, August 20th. UBS Group cut their price objective on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Truist Financial decreased their price objective on shares of 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. Finally, Gordon Haskett lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating and set a $200.00 target price on the stock. in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lowe's Companies currently 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 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.

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.