Bank of Montreal Can Acquires 38,763 Shares of Lowe’s Companies, Inc. $LOW

Bank of Montreal Can boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 725,701 shares of the home improvement retailer’s stock after acquiring an additional 38,763 shares during the quarter. Bank of Montreal Can owned 0.13% of Lowe’s Companies worth $182,376,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management lifted its position 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 purchasing an additional 51 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Lowe’s Companies during the second quarter valued at $27,000. Traub Capital Management LLC bought a new position in shares of Lowe’s Companies in the second quarter worth about $30,000. Vermillion & White Wealth Management Group LLC increased its stake 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 worth $30,000 after buying an additional 76 shares during the period. Finally, Guerra Advisors Inc purchased a new position in Lowe’s Companies in the 3rd quarter worth about $35,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of several research reports. Evercore lowered their price objective on shares of Lowe’s Companies from $270.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. Citigroup raised their target price on shares of Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Wells Fargo & Company lifted their price target on shares of Lowe’s Companies from $280.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, February 26th. UBS Group lowered their price target on Lowe’s Companies from $316.00 to $315.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, TD Cowen reduced their price objective on Lowe’s Companies from $295.00 to $280.00 and set a “hold” rating on the stock in a report on Thursday, February 26th. Twenty-one equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $289.76.

Lowe’s Companies Stock Performance

NYSE LOW opened at $251.05 on Wednesday. The company has a market cap of $140.83 billion, a PE ratio of 21.19, a P/E/G ratio of 5.43 and a beta of 0.98. The firm’s 50 day moving average price is $268.49 and its 200-day moving average price is $254.47. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06.

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, topping analysts’ consensus estimates of $1.94 by $0.04. The company had revenue of $20.58 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Insider Activity at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the completion of the sale, the chief executive officer directly owned 231,043 shares in the company, valued at $60,341,500.31. This represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.27% of the company’s stock.

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.