Lowe's Companies, Inc. $LOW Stock Sold by VestGen Advisors LLC

Key Points

• VestGen Advisors cut its Lowe’s position by 59.1% in the third quarter, selling 5,369 shares and retaining 3,721 shares valued at approximately $686,000.
• Institutional investors and hedge funds own 74.06% of Lowe’s, with major firms including BlackRock, State Street and Amundi increasing their stakes during the period.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $253.48 target price. Lowe’s reported quarterly EPS of $4.40, ahead of estimates, while revenue rose 8.3% year over year, and the company declared a $1.25 quarterly dividend.

VestGen Advisors LLC cut its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 59.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,721 shares of the home improvement retailer's stock after selling 5,369 shares during the quarter. VestGen Advisors LLC's holdings in Lowe's Companies were worth $686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Lowe's Companies by 1.8% in the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock valued at $8,939,928,000 after purchasing an additional 714,092 shares during the period. State Street Corp raised its holdings in shares of Lowe's Companies by 3.6% during the second quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer's stock valued at $5,584,873,000 after buying an additional 880,815 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lowe's Companies by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer's stock worth $905,063,000 after buying an additional 57,167 shares during the period. Amundi boosted its position in shares of Lowe's Companies by 57.3% during the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer's stock worth $637,848,000 after buying an additional 1,053,237 shares during the period. Finally, Swiss National Bank boosted its position in shares of Lowe's Companies by 7.1% during the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer's stock worth $388,992,000 after buying an additional 109,520 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on LOW shares. 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. Melius Research set a $244.00 price target on Lowe's Companies in a report on Tuesday, October 6th. Piper Sandler lowered their price target on Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating on the stock in a report on Thursday, August 13th. Mizuho cut their price objective on shares of Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a research note on Thursday, August 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Lowe's Companies from $255.00 to $245.00 and set an "overweight" rating for the company in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $253.48.

Lowe's Companies Stock Performance

NYSE LOW opened at $209.18 on Friday. Lowe's Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The stock has a market cap of $117.36 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.75 and a beta of 0.89. The firm's 50 day moving average price is $196.23 and its two-hundred day moving average price is $226.43.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period last year, the company posted $4.33 EPS. The business's quarterly 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. On average, research analysts forecast that Lowe's Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe's Companies Announces Dividend

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 issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Wednesday, October 21st. Lowe's Companies's payout ratio is currently 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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