Lowe's Companies, Inc. $LOW Stock: Evergreen Capital Management LLC Lowers Holdings

Key Points

• Evergreen Capital Management reduced its Lowe’s stake by 15.1% in the third quarter, selling 7,743 shares and retaining 43,404 shares valued at approximately $8.0 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 came in slightly below expectations.
• The company declared a quarterly dividend of $1.25 per share, representing an annualized payout of $5.00 and a 2.5% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $254.29.

Evergreen Capital Management LLC decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,404 shares of the home improvement retailer's stock after selling 7,743 shares during the quarter. Evergreen Capital Management LLC's holdings in Lowe's Companies were worth $7,999,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. Nykredit A S bought a new position in Lowe's Companies in the second quarter worth about $42,217,000. Kathmere Capital Management LLC lifted its stake in Lowe's Companies by 133.9% in the first quarter. Kathmere Capital Management LLC now owns 9,402 shares of the home improvement retailer's stock valued at $2,222,000 after buying an additional 5,383 shares during the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Lowe's Companies by 31.8% during the third quarter. First Citizens Bank & Trust Co. now owns 24,068 shares of the home improvement retailer's stock valued at $4,435,000 after acquiring an additional 5,804 shares during the period. Glenview Trust Co increased its holdings in shares of Lowe's Companies by 4.9% in the 2nd quarter. Glenview Trust Co now owns 230,389 shares of the home improvement retailer's stock worth $50,798,000 after acquiring an additional 10,735 shares during the period. Finally, Andra AP fonden boosted its stake in Lowe's Companies by 14.6% during the 2nd quarter. Andra AP fonden now owns 105,313 shares of the home improvement retailer's stock valued at $23,220,000 after purchasing an additional 13,400 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

Lowe's Companies Price Performance

LOW opened at $198.82 on Monday. Lowe's Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The company has a market capitalization of $111.55 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.66 and a beta of 0.89. The firm's fifty day moving average price is $197.50 and its two-hundred day moving average price is $213.47.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its 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 the consensus estimate of $26.13 billion. During the same quarter last year, the company earned $4.33 EPS. Lowe's Companies's revenue 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. On average, equities research analysts expect that Lowe's Companies, Inc. will post 12.26 EPS for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. Lowe's Companies's payout ratio is presently 42.27%.

Analyst Ratings Changes

LOW has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 17th. DA Davidson reissued a "neutral" rating and set a $245.00 target price on shares of Lowe's Companies in a research note on Wednesday, August 19th. Morgan Stanley reiterated an "overweight" rating on shares of Lowe's Companies in a research report on Thursday, August 20th. Guggenheim restated a "buy" rating and issued a $275.00 price objective on shares of Lowe's Companies in a report on Monday, September 21st. Finally, Citigroup cut their price target on shares of Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. 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 given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $254.29.

About Lowe's Companies

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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