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

Wedbush Securities Inc. reduced its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

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

Insider Activity

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Janice Dupre sold 14,150 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total value of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,980 shares of company stock valued at $5,796,937 over the last ninety days. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOW. Morgan Stanley reiterated an “overweight” rating on shares of Lowe’s Companies in a research note on Thursday, August 20th. Robert W. Baird cut their target price on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Truist Financial reduced their price target on Lowe’s Companies from $255.00 to $254.00 and set a “buy” rating for the company in a report on Thursday, August 20th. BNP Paribas Exane lowered their price target on Lowe’s Companies from $228.00 to $202.00 and set an “underperform” rating for the company in a research report on Thursday, May 21st. Finally, Benchmark initiated coverage on shares of Lowe’s Companies in a research note on Tuesday, May 12th. They issued a “hold” rating on the stock. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $258.53.

Lowe’s Companies Stock Up 0.7%

Shares of NYSE LOW opened at $208.20 on Friday. Lowe’s Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The firm has a market cap of $116.74 billion, a P/E ratio of 17.60, a PEG ratio of 2.77 and a beta of 0.86. The company has a 50 day moving average of $215.10 and a 200 day moving average of $230.79.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, beating the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The business had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period last year, the business posted $4.33 EPS. The company’s revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities analysts expect that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe’s Companies Company 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.