Allworth Financial LP Has $5.22 Million Holdings in Lowe's Companies, Inc. $LOW

Key Points

• Allworth Financial cut its Lowe’s stake by 61.7% in the second quarter, selling 38,132 shares and retaining 23,688 shares valued at approximately $5.22 million. Institutional investors collectively own 74.06% of the company.
• Lowe’s reported quarterly EPS of $4.40, beating estimates of $4.22, while revenue rose 8.3% year over year to $25.96 billion, slightly below expectations.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $257.63. The company also declared a quarterly dividend of $1.25 per share, equivalent to a 2.5% annual yield.

Allworth Financial LP decreased its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 61.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,688 shares of the home improvement retailer's stock after selling 38,132 shares during the quarter. Allworth Financial LP's holdings in Lowe's Companies were worth $5,223,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Lowe's Companies by 119.7% during the fourth quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer's stock valued at $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Lowe's Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer's stock valued at $266,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC increased its position in shares of Lowe's Companies by 22.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer's stock valued at $340,000 after purchasing an additional 280 shares during the last quarter. United Bank increased its position in shares of Lowe's Companies by 1.3% during the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer's stock valued at $2,690,000 after purchasing an additional 155 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its stake in shares of Lowe's Companies by 13.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer's stock worth $528,000 after purchasing an additional 275 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insider Activity at Lowe's Companies

In related news, EVP Juliette Pryor sold 9,330 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the sale, the executive vice president owned 16,142 shares in the company, valued at $3,628,883.02. The trade was a 36.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Janice Dupré 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 completion of the sale, the executive vice president directly owned 39,785 shares of the company's stock, valued at approximately $8,828,291.50. This represents a 26.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 25,980 shares of company stock valued at $5,796,937. Corporate insiders own 0.29% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. Evercore cut their price target on shares of Lowe's Companies from $250.00 to $230.00 in a report on Thursday, May 21st. Jefferies Financial Group lowered their price objective on shares of Lowe's Companies from $305.00 to $278.00 and set a "buy" rating on the stock in a research report on Thursday, May 21st. Weiss Ratings cut shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. DA Davidson reissued a "neutral" rating and set a $245.00 target price on shares of Lowe's Companies in a research report on Wednesday, August 19th. Finally, Truist Financial reduced their target price on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $257.63.

Lowe's Companies Trading Down 1.1%

LOW opened at $198.59 on Thursday. The company has a 50 day moving average of $212.28 and a 200 day moving average of $225.83. The company has a market cap of $111.42 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.67 and a beta of 0.85. Lowe's Companies, Inc. has a 12 month low of $197.14 and a 12 month high of $293.06.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating analysts' consensus estimates of $4.22 by $0.18. The business had revenue of $25.96 billion during the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%.The company's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Research analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.

Lowe's Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 21st. Lowe's Companies's dividend payout ratio (DPR) is currently 42.27%.

Lowe's Companies Company Profile

Lowe's Companies, Inc is a home improvement retailer that serves homeowners, renters, and professional contractors primarily through stores and digital platforms in the United States. The company sells a broad selection of products for maintenance, repair, remodeling, and construction projects.

Its merchandise includes appliances, tools, hardware, lumber, building materials, plumbing and electrical supplies, paint, flooring, lighting, kitchen and bathroom products, outdoor living items, lawn and garden products, and seasonal goods.

Want to see what other hedge funds are holding LOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lowe's Companies, Inc. (NYSE:LOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.