Assetmark Inc. Has $16.43 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Assetmark Inc. increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,392 shares of the home improvement retailer’s stock after purchasing an additional 4,810 shares during the quarter. Assetmark Inc.’s holdings in Lowe’s Companies were worth $16,434,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies in the 2nd quarter worth $27,000. Solstein Capital LLC boosted its position in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 113 shares during the period. Activest Wealth Management grew its holdings in shares of Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 51 shares in the last quarter. Traub Capital Management LLC acquired a new stake in Lowe’s Companies in the 2nd quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC raised its position in Lowe’s Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 76 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Transactions at Lowe’s Companies

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total transaction 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 $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial set a $295.00 price target on shares of Lowe’s Companies in a research note on Friday, January 16th. Oppenheimer decreased their target price on shares of Lowe’s Companies from $320.00 to $315.00 and set an “outperform” rating for the company in a research report on Friday, December 5th. Royal Bank Of Canada cut their price target on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 20th. Citigroup increased their price objective on shares of Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on Lowe’s Companies from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $286.30.

Trending Headlines about 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 Stock Performance

Lowe’s Companies stock opened at $287.36 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.38 and a 52 week high of $293.06. The stock has a market capitalization of $161.19 billion, a P/E ratio of 23.83, a PEG ratio of 4.48 and a beta of 0.97. The stock has a 50-day simple moving average of $261.04 and a 200 day simple moving average of $251.73.

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

About Lowe’s Companies

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.