Lowe’s Companies, Inc. $LOW Stake Raised by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 34,644 shares of the home improvement retailer’s stock after acquiring an additional 4,572 shares during the period. Maryland State Retirement & Pension System’s holdings in Lowe’s Companies were worth $6,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Markowski Investments bought a new stake in shares of Lowe’s Companies during the 2nd quarter valued at approximately $33,000. William Mack & Associates Inc. acquired a new position in Lowe’s Companies during the 3rd quarter worth approximately $31,000. Latitude Advisors LLC bought a new position in Lowe’s Companies in the 3rd quarter valued at approximately $32,000. Legacy Wealth Managment LLC ID boosted its position in Lowe’s Companies by 219.7% in the first quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after buying an additional 134 shares in the last quarter. Finally, John Boyer Inc. acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $36,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 1.7%

Shares of NYSE LOW opened at $227.66 on Friday. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06. The firm has a fifty day simple moving average of $199.39 and a 200 day simple moving average of $224.22. The company has a market capitalization of $127.73 billion, a PE ratio of 19.24, a P/E/G ratio of 1.99 and a beta of 0.81.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. The business had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. Lowe’s Companies’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, October 21st. Lowe’s Companies’s payout ratio is currently 42.27%.

Key Lowe’s Companies News

Investors following LOW have been watching these news items:

• Positive Sentiment: Lowe’s is partnering exclusively with Bilt, connecting its products, rewards and home services to Bilt’s 8 million members through the Bilt app. The expanded loyalty and customer-reach opportunity could support sales. Article: Lowe’s Ties Rewards and Home Services to an 8 Million Member Platform
• Positive Sentiment: Sanford C. Bernstein and JPMorgan Chase raised their price targets on LOW, providing a favorable analyst signal, although the available reports do not specify the new targets. Article: Bernstein Price Target Boost Article: JPMorgan Price Target Bump
• Neutral Sentiment: Analyst previews point to a possible third-quarter earnings beat, citing an Earnings ESP of +0.59%, Pro demand and digital growth. Lowe’s is scheduled to report on Nov. 18; the results and management’s outlook may be more consequential than the beat potential alone. Article: What’s Lowe’s Probability of an Earnings Beat This Season?

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. KeyCorp reiterated an “overweight” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research note on Thursday, August 20th. Evercore set a $190.00 price objective on Lowe’s Companies in a research report on Tuesday, October 6th. Truist Financial lowered their target price on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. TD Cowen reiterated a “hold” rating and issued a $235.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Finally, Piper Sandler dropped their target price on Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. One investment 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.74.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc. is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels. Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support. Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.