Tucker Asset Management LLC Buys 5,019 Shares of Lowe’s Companies, Inc. $LOW

Tucker Asset Management LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,019 shares of the home improvement retailer’s stock, valued at approximately $925,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Juno Financial Group LLC lifted its position in Lowe’s Companies by 0.4% during the 1st quarter. Juno Financial Group LLC now owns 11,889 shares of the home improvement retailer’s stock worth $2,809,000 after buying an additional 43 shares in the last quarter. Spinnaker Trust boosted its stake in shares of Lowe’s Companies by 3.7% during the 2nd quarter. Spinnaker Trust now owns 1,345 shares of the home improvement retailer’s stock worth $297,000 after buying an additional 48 shares during the last quarter. Roxbury Financial LLC boosted its stake in shares of Lowe’s Companies by 0.8% during the 2nd quarter. Roxbury Financial LLC now owns 6,359 shares of the home improvement retailer’s stock worth $1,402,000 after buying an additional 52 shares during the last quarter. Carson Advisory Inc. grew its holdings in shares of Lowe’s Companies by 1.9% in the 1st quarter. Carson Advisory Inc. now owns 2,882 shares of the home improvement retailer’s stock valued at $681,000 after acquiring an additional 53 shares in the last quarter. Finally, Riverbend Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 3.8% in the 3rd quarter. Riverbend Wealth Management LLC now owns 1,488 shares of the home improvement retailer’s stock valued at $274,000 after acquiring an additional 54 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on LOW shares. Wells Fargo & Company lowered their target price on Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. Melius Research set a $244.00 price target on Lowe’s Companies in a research report on Tuesday, October 6th. DA Davidson restated a “neutral” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Morgan Stanley restated an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, Mizuho lowered their price target on Lowe’s Companies from $280.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $253.48.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $218.00 on Tuesday. The stock has a market cap of $122.31 billion, a P/E ratio of 18.43, a P/E/G ratio of 1.66 and a beta of 0.89. The company has a fifty day moving average price of $196.26 and a two-hundred day moving average price of $226.15. Lowe’s Companies, Inc. has a one year low of $178.45 and a one year high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating analysts’ consensus estimates of $4.22 by $0.18. The company had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities research analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio (DPR) is 42.27%.

About Lowe’s Companies

Lowe’s Companies, Inc is a home improvement retailer serving do-it-yourself customers, professional contractors and commercial customers across the United States. The company sells products for home construction, maintenance, repair, remodeling and improvement through its stores and digital platforms.

Its merchandise includes appliances, tools, hardware, lumber, building materials, electrical and plumbing supplies, paint, flooring, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal merchandise.