Lowe’s Companies, Inc. $LOW Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 98.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 133,440 shares of the home improvement retailer’s stock after purchasing an additional 66,042 shares during the quarter. Gotham Asset Management LLC’s holdings in Lowe’s Companies were worth $33,535,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in LOW. Waterloo Capital L.P. increased its stake in Lowe’s Companies by 1.2% during the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after buying an additional 41 shares during the period. TruWealth Advisors LLC boosted its position in Lowe’s Companies by 2.7% in the 3rd quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after buying an additional 42 shares during the period. Cypress Wealth Services LLC grew its stake in shares of Lowe’s Companies by 2.0% in the third quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock worth $551,000 after acquiring an additional 42 shares in the last quarter. Hidden Cove Wealth Management LLC grew its stake in shares of Lowe’s Companies by 4.6% in the third quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after acquiring an additional 42 shares in the last quarter. Finally, Roble Belko & Company Inc increased its position in shares of Lowe’s Companies by 21.4% during the third quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock worth $63,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LOW. UBS Group reduced their price objective on Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Jefferies Financial Group restated a “buy” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 25th. Wolfe Research reduced their price target on 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. Royal Bank Of Canada lifted their price objective on Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, Argus boosted their price objective on Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Twenty-one equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.76.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’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 sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.27% of the company’s stock.

Lowe’s Companies Trading Up 2.0%

Shares of LOW stock opened at $242.30 on Tuesday. The company has a market cap of $135.92 billion, a P/E ratio of 20.45, a PEG ratio of 5.16 and a beta of 0.98. The firm has a fifty day moving average price of $268.34 and a 200 day moving average price of $254.00. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The company had revenue of $20.58 billion for the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.Lowe’s Companies’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.