Aberdeen Group plc Has $190.48 Million Position in Lowe’s Companies, Inc. $LOW

Aberdeen Group plc grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 16.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 751,940 shares of the home improvement retailer’s stock after acquiring an additional 104,159 shares during the quarter. Aberdeen Group plc owned 0.13% of Lowe’s Companies worth $190,481,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Lowe’s Companies by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 54,976,355 shares of the home improvement retailer’s stock worth $12,197,604,000 after acquiring an additional 366,977 shares in the last quarter. State Street Corp grew its position in Lowe’s Companies by 0.8% in the second quarter. State Street Corp now owns 24,911,775 shares of the home improvement retailer’s stock valued at $5,527,176,000 after purchasing an additional 207,826 shares in the last quarter. Geode Capital Management LLC increased its stake in Lowe’s Companies by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 12,351,783 shares of the home improvement retailer’s stock valued at $2,732,049,000 after buying an additional 42,190 shares during the last quarter. Norges Bank bought a new stake in Lowe’s Companies during the 2nd quarter worth about $1,773,624,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Lowe’s Companies by 12.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock worth $1,079,320,000 after buying an additional 463,012 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $287.36 on Friday. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $293.06. The company has a market capitalization of $161.19 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 4.48 and a beta of 0.97. The firm’s fifty day moving average price is $261.04 and its 200 day moving average price is $251.73.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.09. The firm had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. Lowe’s Companies’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $2.89 EPS. Analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LOW. Gordon Haskett increased their price target on shares of Lowe’s Companies from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen raised their target price on shares of Lowe’s Companies from $250.00 to $295.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Bank of America reduced their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Morgan Stanley upped their price objective on Lowe’s Companies from $270.00 to $296.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Barclays upgraded Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price for the company in a research note on Wednesday, January 7th. Twenty research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $286.30.

Key Stories Impacting Lowe’s Companies

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

• Positive Sentiment: Gordon Haskett raised its price target to $325 (from $310) and kept a “buy” rating — the new target implies material upside versus current levels and signals stronger analyst confidence in Lowe’s growth and execution. Gordon Haskett raises PT to $325
• Neutral Sentiment: Goldman Sachs nudged its price target slightly to $283 (from $280) and maintained a “buy” rating — a modest lift but still close to the current price, so it offers limited near‑term directional impact. Goldman raises PT to $283
• Neutral Sentiment: Dividend coverage and payout commentary (a roughly 2% yield scorecard) continue to position Lowe’s as an income option for investors, but this doesn’t materially change near‑term earnings expectations. Dividend scorecard
• Negative Sentiment: Lowe’s is eliminating about 600 corporate/support roles (reported as <1% of total headcount) to shift resources toward frontline store associates. While cost savings could help margins over time, the move may trigger short‑term restructuring charges and raises execution/organizational‑risk questions that investors often view cautiously. Lowe’s cuts 600 corporate roles

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.