Mackenzie Financial Corp Has $44.67 Million Position in Lowe's Companies, Inc. $LOW

Key Points

• Mackenzie Financial raised its Lowe's stake by 11.6% to 177,749 shares valued at $44.67 million, and institutional investors now own about 74.06% of the company (notable holders include Vanguard and State Street).
• Wall Street's consensus rating is a Moderate Buy with a consensus price target of $289.76, though individual analysts have issued both downgrades and higher targets recently.
• Lowe's beat last quarter's estimates (EPS $1.98 vs. $1.94; revenue $20.58B) and guided FY2026 to 12.25–12.75 EPS, but near‑term estimate cuts and housing/renovation headwinds pose risks to growth.

Mackenzie Financial Corp raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 11.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 177,749 shares of the home improvement retailer's stock after buying an additional 18,440 shares during the quarter. Mackenzie Financial Corp's holdings in Lowe's Companies were worth $44,670,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LOW. Vanguard Group Inc. raised its holdings in Lowe's Companies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 55,306,162 shares of the home improvement retailer's stock valued at $13,898,992,000 after acquiring an additional 329,807 shares in the last quarter. State Street Corp grew its holdings in shares of Lowe's Companies by 0.8% during the 2nd quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer's stock worth $5,527,176,000 after purchasing an additional 207,826 shares in the last quarter. Norges Bank acquired a new stake in shares of Lowe's Companies during the 2nd quarter worth approximately $1,773,624,000. Bank of New York Mellon Corp increased its position in shares of Lowe's Companies by 12.1% during the third quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer's stock valued at $1,079,320,000 after purchasing an additional 463,012 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Lowe's Companies by 2.2% during the third quarter. Legal & General Group Plc now owns 3,822,992 shares of the home improvement retailer's stock valued at $960,756,000 after purchasing an additional 80,537 shares during the period. 74.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America reduced their target price on Lowe's Companies from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, November 20th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Lowe's Companies in a research note on Monday, December 29th. DA Davidson reissued a "neutral" rating and issued a $275.00 price target on shares of Lowe's Companies in a report on Thursday, February 26th. Guggenheim raised their price objective on shares of Lowe's Companies from $280.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, February 26th. Finally, Wolfe Research decreased their target price on shares of Lowe's Companies from $285.00 to $284.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 4th. Twenty-one investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $289.76.

More Lowe's Companies News

Here are the key news stories impacting Lowe's Companies this week:

• Positive Sentiment: Bazaarvoice visual syndication — Lowe’s joined the Bazaarvoice Visual Syndication Network, which can increase high‑impact user photos/videos on product pages and improve conversion and marketing effectiveness. This is a modest operational positive for merchandising and e‑commerce. Bazaarvoice Partnership
• Positive Sentiment: Zacks raised some longer‑term estimates — the firm bumped a few Q4 and FY2029 estimates (FY2029 to $14.78), suggesting Zacks still sees longer‑term earnings upside even as it trims nearer‑term forecasts. This supports a constructive medium‑term earnings thesis (no link available).
• Neutral Sentiment: KGI initiates coverage with a Neutral rating — new coverage can increase liquidity and attention but the Neutral stance is unlikely to provide a near‑term catalyst. KGI Coverage
• Negative Sentiment: Zacks cut multiple near‑term estimates and trimmed FY2027/FY2028 — the research team lowered several quarterly forecasts (Q1–Q3 2027 and Q1–Q3 2028 items) and reduced FY2027 (to $12.62 from $13.10) and FY2028 (to $13.87 from $14.08). Those downward revisions weaken near‑term earnings visibility and likely pressured the stock today (no link available).
• Negative Sentiment: Sector / housing weakness — broader headwinds for renovation spending (persistent high mortgage rates, low housing turnover) are weighing on the home‑improvement group and have pulled rival Home Depot lower; that sector pressure is spilling over to Lowe’s and is a key reason for the recent share weakness (no link available).

Lowe's Companies Price Performance

LOW opened at $239.45 on Friday. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $293.06. The company has a market cap of $134.32 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 5.36 and a beta of 0.98. The firm has a 50 day simple moving average of $268.57 and a 200 day simple moving average of $254.32.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.04. Lowe's Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm had revenue of $20.58 billion during the quarter, compared to analyst estimates of $20.34 billion. During the same quarter in the previous year, the business earned $1.93 EPS. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. As a group, analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Insider Transactions at Lowe's Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the business's stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.27% of the company's stock.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe's also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

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