Wedbush Securities Inc. Sells 2,405 Shares of Lowe’s Companies, Inc. $LOW

Wedbush Securities Inc. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,024 shares of the home improvement retailer’s stock after selling 2,405 shares during the period. Wedbush Securities Inc.’s holdings in Lowe’s Companies were worth $3,313,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LOW. Providence Wealth Advisors LLC lifted its stake in shares of Lowe’s Companies by 0.5% in the 4th quarter. Providence Wealth Advisors LLC now owns 7,969 shares of the home improvement retailer’s stock valued at $1,959,000 after acquiring an additional 36 shares during the last quarter. First Command Advisory Services Inc. grew its position in Lowe’s Companies by 1.3% during the 4th quarter. First Command Advisory Services Inc. now owns 2,947 shares of the home improvement retailer’s stock worth $711,000 after acquiring an additional 38 shares during the last quarter. Smithbridge Asset Management Inc. DE grew its position in Lowe’s Companies by 1.1% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 3,723 shares of the home improvement retailer’s stock worth $898,000 after acquiring an additional 39 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in Lowe’s Companies by 0.6% during the 4th quarter. Sumitomo Life Insurance Co. now owns 6,140 shares of the home improvement retailer’s stock worth $1,481,000 after acquiring an additional 39 shares during the last quarter. Finally, S&CO Inc. increased its stake in Lowe’s Companies by 0.6% in the 4th quarter. S&CO Inc. now owns 6,403 shares of the home improvement retailer’s stock worth $1,544,000 after purchasing an additional 40 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Up 0.7%

NYSE:LOW opened at $208.20 on Friday. The firm’s fifty day simple moving average is $215.10 and its 200 day simple moving average is $230.79. The stock has a market cap of $116.74 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the business earned $4.33 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, analysts expect that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Analyst Ratings Changes

LOW has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Piper Sandler cut their target price on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a report on Thursday, August 13th. Wolfe Research set a $254.00 price target on shares of Lowe’s Companies in a report on Thursday, May 21st. Benchmark initiated coverage on shares of Lowe’s Companies in a research report on Tuesday, May 12th. They set a “hold” rating for the company. Finally, Robert W. Baird dropped their price target on shares of Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $258.53.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Juliette Williams Pryor sold 9,330 shares of Lowe’s Companies stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the sale, the executive vice president directly owned 16,142 shares of the company’s stock, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. This trade represents a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,980 shares of company stock worth $5,796,937 over the last 90 days. 0.29% of the stock is owned by company insiders.

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.