Fort Point Capital Partners LLC Sells 3,032 Shares of Lowe’s Companies, Inc. $LOW

Fort Point Capital Partners LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 74.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,053 shares of the home improvement retailer’s stock after selling 3,032 shares during the quarter. Fort Point Capital Partners LLC’s holdings in Lowe’s Companies were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Lowe’s Companies in the 2nd quarter worth about $1,773,624,000. Wellington Management Group LLP increased its position in shares of Lowe’s Companies by 102.0% during the third quarter. Wellington Management Group LLP now owns 4,204,311 shares of the home improvement retailer’s stock valued at $1,056,585,000 after buying an additional 2,122,622 shares during the period. Victory Capital Management Inc. raised its stake in Lowe’s Companies by 207.2% in the third quarter. Victory Capital Management Inc. now owns 2,058,086 shares of the home improvement retailer’s stock worth $517,218,000 after buying an additional 1,388,133 shares in the last quarter. Tableaux LLC purchased a new stake in Lowe’s Companies in the second quarter worth about $282,884,000. Finally, Laurel Wealth Advisors LLC lifted its holdings in Lowe’s Companies by 22,167.5% in the second quarter. Laurel Wealth Advisors LLC now owns 1,032,319 shares of the home improvement retailer’s stock worth $229,041,000 after buying an additional 1,027,683 shares during the period. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research analyst reports. TD Cowen reduced their target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Lowe’s Companies in a research report on Monday, December 29th. Telsey Advisory Group upped their price target on Lowe’s Companies from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. UBS Group decreased their price objective 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, KGI Securities assumed coverage on Lowe’s Companies in a research report on Tuesday, March 10th. They set a “neutral” rating and a $255.00 price objective for the company. Twenty-one investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.76.

Insider Transactions at Lowe’s Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. This trade represents a 7.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $242.30 on Tuesday. Lowe’s Companies, Inc. has a one year low of $206.38 and a one year high of $293.06. The company’s 50-day moving average is $268.34 and its 200 day moving average is $254.00. The company has a market capitalization of $135.92 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 5.16 and a beta of 0.98.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. The business 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%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period 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. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal 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.