Lowe’s Companies, Inc. $LOW Shares Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 171,206 shares of the home improvement retailer’s stock after acquiring an additional 2,189 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Lowe’s Companies were worth $31,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in LOW. Markowski Investments acquired a new stake in Lowe’s Companies during the 2nd quarter worth about $33,000. William Mack & Associates Inc. purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $31,000. Latitude Advisors LLC purchased a new stake in Lowe’s Companies during the 3rd quarter valued at about $32,000. Legacy Wealth Managment LLC ID grew its stake in Lowe’s Companies by 219.7% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 195 shares of the home improvement retailer’s stock valued at $46,000 after purchasing an additional 134 shares during the last quarter. Finally, John Boyer Inc. acquired a new position in shares of Lowe’s Companies in the third quarter valued at about $36,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LOW. Weiss Ratings upgraded Lowe’s Companies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to a “hold” rating and set a $200.00 target price for the company. in a report on Thursday, September 24th. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. Wells Fargo & Company dropped 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. Finally, Sanford C. Bernstein increased their price target on shares of Lowe’s Companies from $254.00 to $270.00 and gave the stock an “outperform” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $254.74.

Key Stories Impacting Lowe’s Companies

Here are the key news stories impacting Lowe’s Companies this week:

• Positive Sentiment: Lowe’s is now Bilt’s exclusive home-improvement partner, giving it access to Bilt’s more than 8 million members through shopping rewards, MyLowe’s Rewards and home services. The partnership also introduces a home-maintenance membership, which could help attract customers and encourage repeat business. Lowe’s and Bilt partnership announcement
• Positive Sentiment: Sanford C. Bernstein raised its price target to $270 and maintained an “outperform” rating; JPMorgan also lifted its target, to $275, with an “overweight” rating. The revisions signal improved analyst views of Lowe’s prospects. Bernstein rating information
• Positive Sentiment: A recent dividend-stock article described Lowe’s as resilient despite a weak housing market and said its dividend has room to grow, supporting its appeal to income-focused investors. Dividend stocks article
• Negative Sentiment: Walmart is gaining shoppers across income groups, highlighting competition for the same big-box customers. This could make it harder for Lowe’s and other retailers to win spending, though the article does not report a specific change in Lowe’s performance. Big-box retailer competition article

Lowe’s Companies Price Performance

NYSE LOW opened at $231.79 on Wednesday. The company has a market capitalization of $130.05 billion, a PE ratio of 19.59, a P/E/G ratio of 1.94 and a beta of 0.81. The company has a fifty day moving average of $198.20 and a 200 day moving average of $224.69. Lowe’s Companies, Inc. has a 1 year low of $178.45 and a 1 year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate of $4.22 by $0.18. The company 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%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $4.33 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were issued a $1.25 dividend. This represents a $5.00 annualized dividend 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 42.27%.

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.