Capital Research Global Investors Boosts Position in Lowe’s Companies, Inc. $LOW

Capital Research Global Investors boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 331,910 shares of the home improvement retailer’s stock after purchasing an additional 2,238 shares during the period. Capital Research Global Investors’ holdings in Lowe’s Companies were worth $83,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Maj Invest Holding A S raised its stake in shares of Lowe’s Companies by 15.7% during the 3rd quarter. Maj Invest Holding A S now owns 802,990 shares of the home improvement retailer’s stock worth $201,801,000 after buying an additional 108,813 shares during the last quarter. Bridges Investment Management Inc. grew its stake in Lowe’s Companies by 13.4% in the 3rd quarter. Bridges Investment Management Inc. now owns 420,832 shares of the home improvement retailer’s stock valued at $105,759,000 after acquiring an additional 49,858 shares during the last quarter. Facet Wealth Inc. acquired a new position in Lowe’s Companies during the third quarter worth about $558,000. Prudential Financial Inc. lifted its stake in Lowe’s Companies by 0.7% in the 2nd quarter. Prudential Financial Inc. now owns 826,356 shares of the home improvement retailer’s stock valued at $183,344,000 after buying an additional 5,820 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after buying an additional 17,413 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.7%

NYSE:LOW opened at $246.96 on Thursday. The firm’s fifty day simple moving average is $268.61 and its 200 day simple moving average is $254.42. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06. The firm has a market capitalization of $138.53 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 5.45 and a beta of 0.98.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup boosted their price target on Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Oppenheimer lowered their price target on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a report on Friday, December 5th. JPMorgan Chase & Co. upped their price objective on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, February 9th. Gordon Haskett decreased their target price on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Sanford C. Bernstein lowered their target price on shares of Lowe’s Companies from $313.00 to $303.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Twenty-one investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $289.76.

Insider Buying and Selling at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value 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. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.