WASHINGTON TRUST Co Grows Stock Position in Lowe’s Companies, Inc. $LOW

WASHINGTON TRUST Co lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 109.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,265 shares of the home improvement retailer’s stock after buying an additional 2,227 shares during the period. WASHINGTON TRUST Co’s holdings in Lowe’s Companies were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Lowe’s Companies during the 2nd quarter worth $1,773,624,000. Tableaux LLC purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth $282,884,000. Laurel Wealth Advisors LLC raised its holdings in Lowe’s Companies by 22,167.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after purchasing an additional 1,027,683 shares during the period. Worldquant Millennium Advisors LLC raised its holdings in Lowe’s Companies by 243.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,116,945 shares of the home improvement retailer’s stock worth $247,817,000 after purchasing an additional 791,526 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Lowe’s Companies by 101.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,244,941 shares of the home improvement retailer’s stock valued at $312,866,000 after purchasing an additional 626,829 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the business’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 sale, the chief executive officer owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $257.26 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $206.38 and a 1-year high of $293.06. The company has a market capitalization of $144.31 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 5.74 and a beta of 0.98. The business has a 50 day simple moving average of $267.19 and a two-hundred day simple moving average of $254.56.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. The firm had revenue of $20.58 billion for the quarter, compared to analysts’ expectations of $20.34 billion. During the same quarter last year, the business posted $1.93 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on LOW shares. Truist Financial reduced their price target on Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Sanford C. Bernstein cut their price objective on 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. Mizuho increased their target price on shares of Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Lowe’s Companies from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Finally, DA Davidson reiterated a “neutral” rating and issued a $275.00 price target on shares of Lowe’s Companies in a research report on Thursday, February 26th. Twenty-one research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $291.64.

Lowe’s Companies 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.