Lowe's Companies, Inc. $LOW Stock: Simplicity Wealth LLC Increases Stake

Key Points

• Simplicity Wealth LLC increased its Lowe’s stake by 324.6% in the third quarter, ending with 32,142 shares valued at approximately $5.9 million. Institutional investors collectively own 74.06% of the company.
• Analysts maintain a generally positive outlook, with Lowe’s holding a consensus “Moderate Buy” rating and an average price target of $254.29, despite some target-price reductions and ratings downgrades.
• Lowe’s reported quarterly earnings of $4.40 per share, topping estimates, while revenue rose 8.3% year over year to $25.96 billion. The company also announced a $1.25 quarterly dividend, equivalent to a 2.5% annualized yield.

Simplicity Wealth LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 324.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,142 shares of the home improvement retailer's stock after acquiring an additional 24,572 shares during the quarter. Simplicity Wealth LLC's holdings in Lowe's Companies were worth $5,923,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Juno Financial Group LLC increased its position in Lowe's Companies by 0.4% during the 1st quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer's stock valued at $2,809,000 after purchasing an additional 43 shares during the period. TSG Advice Partners LLC raised its holdings in Lowe's Companies by 3.3% in the 1st quarter. TSG Advice Partners LLC now owns 1,373 shares of the home improvement retailer's stock worth $324,000 after purchasing an additional 44 shares in the last quarter. Ameliora Wealth Management Ltd. lifted its position in shares of Lowe's Companies by 2.5% in the 1st quarter. Ameliora Wealth Management Ltd. now owns 1,834 shares of the home improvement retailer's stock worth $433,000 after purchasing an additional 45 shares during the period. Livet Wealth LLC lifted its position in shares of Lowe's Companies by 4.9% in the 1st quarter. Livet Wealth LLC now owns 962 shares of the home improvement retailer's stock worth $227,000 after purchasing an additional 45 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its position in shares of Lowe's Companies by 0.9% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,302 shares of the home improvement retailer's stock worth $1,253,000 after purchasing an additional 47 shares during the period. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. UBS Group cut their target price on shares of Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. KeyCorp reiterated an "overweight" rating and set a $275.00 target price on shares of Lowe's Companies in a report on Thursday, August 20th. Melius Research set a $244.00 target price on Lowe's Companies in a report on Tuesday, October 6th. Weiss Ratings lowered Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Finally, Evercore set a $190.00 price objective on Lowe's Companies in a research report on Tuesday, October 6th. One 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 assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.29.

Lowe's Companies Stock Performance

NYSE:LOW opened at $198.82 on Friday. The firm has a market cap 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. 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 50-day simple moving average of $197.50 and a two-hundred day simple moving average of $213.62.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 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 for the quarter, compared to analysts' expectations of $26.13 billion. During the same quarter in the prior year, the company posted $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. On average, equities research analysts predict that Lowe's Companies, Inc. will post 12.26 EPS for the current year.

Lowe's Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $5.00 annualized dividend and a yield of 2.5%. Lowe's Companies's dividend payout ratio is 42.27%.

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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