Foster Dykema Cabot & Partners LLC Purchases 2,260 Shares of Lowe’s Companies, Inc. $LOW

Foster Dykema Cabot & Partners LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,844 shares of the home improvement retailer’s stock after buying an additional 2,260 shares during the quarter. Lowe’s Companies makes up about 1.4% of Foster Dykema Cabot & Partners LLC’s holdings, making the stock its 25th largest position. Foster Dykema Cabot & Partners LLC’s holdings in Lowe’s Companies were worth $21,826,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new position in shares of Lowe’s Companies during the 2nd quarter worth $27,000. Activest Wealth Management raised its stake in Lowe’s Companies by 78.5% in the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares during the period. Traub Capital Management LLC bought a new stake in Lowe’s Companies in the 2nd quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC lifted its holdings in Lowe’s Companies by 128.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new stake in Lowe’s Companies during the third quarter valued at about $35,000. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LOW has been the subject of several recent research reports. Mizuho lifted their target price on shares of Lowe’s Companies from $272.00 to $294.00 and gave the stock an “outperform” rating in a research note on Friday, February 27th. Jefferies Financial Group restated a “buy” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 25th. Gordon Haskett reduced their price objective on shares of Lowe’s Companies from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Evercore boosted their target price on shares of Lowe’s Companies from $250.00 to $280.00 in a report on Tuesday, January 27th. Finally, Telsey Advisory Group increased their target price on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Twenty-one research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $291.64.

Insider Activity at Lowe’s Companies

In other 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 transaction of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. The trade was a 7.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.27% of the stock is owned by company insiders.

Lowe’s Companies Trading Down 1.1%

Shares of Lowe’s Companies stock opened at $251.89 on Friday. The company’s 50-day moving average price is $268.21 and its 200-day moving average price is $254.63. 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 cap of $141.30 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 5.53 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $20.58 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a net margin of 7.71% and a negative return on equity of 61.40%. Lowe’s Companies’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.