Koa Wealth Management LLC Sells 5,131 Shares of Lowe’s Companies, Inc. $LOW

Koa Wealth Management LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 65.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,729 shares of the home improvement retailer’s stock after selling 5,131 shares during the period. Koa Wealth Management LLC’s holdings in Lowe’s Companies were worth $503,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Lowe’s Companies by 1.8% during the second quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock worth $8,939,928,000 after acquiring an additional 714,092 shares in the last quarter. 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 purchasing an additional 880,815 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Lowe’s Companies by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 4,047,615 shares of the home improvement retailer’s stock valued at $956,371,000 after purchasing an additional 201,803 shares during the period. Amundi raised its holdings 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 valued at $637,848,000 after purchasing 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 1st quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock worth $388,992,000 after purchasing an additional 109,520 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.2%

LOW traded down $2.18 during trading on Wednesday, hitting $186.56. 768,952 shares of the company’s stock were exchanged, compared to its average volume of 2,948,765. Lowe’s Companies, Inc. has a fifty-two week low of $178.45 and a fifty-two week high of $293.06. The stock has a market cap of $104.67 billion, a P/E ratio of 15.78, a PEG ratio of 1.55 and a beta of 0.89. The business’s 50 day moving average is $201.04 and its two-hundred day moving average is $215.53.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. The firm had revenue of $25.96 billion during the quarter, compared to analysts’ expectations of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, October 21st. This represents a $5.00 dividend on an annualized basis and a yield of 2.7%. Lowe’s Companies’s payout ratio is 42.27%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. TD Cowen reissued a “hold” rating and set a $235.00 price objective on shares of Lowe’s Companies in a research report on Thursday, August 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. Guggenheim reaffirmed a “buy” rating and set a $275.00 price target on shares of Lowe’s Companies in a research note on Monday, September 21st. JPMorgan Chase & Co. cut their price target on Lowe’s Companies from $279.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Finally, Wells Fargo & Company reduced their price objective on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.29.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, renters, and professional contractors primarily in the United States. The company operates through a network of retail stores and digital channels, offering products and services for home repair, maintenance, remodeling, construction, and outdoor living.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, kitchen and bath products, lighting, home décor, lawn and garden equipment, and seasonal goods.