Beacon Pointe Advisors LLC Sells 6,859 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Beacon Pointe Advisors reduced its Lowe’s stake by 5.7%, selling 6,859 shares in the second quarter and retaining 114,319 shares valued at approximately $25.2 million. Institutional investors collectively own 74.06% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $258.53, despite recent target-price reductions from Oppenheimer and JPMorgan.
• 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. The stock opened at $208.20, near its 52-week low of $199.40.

Beacon Pointe Advisors LLC cut its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,319 shares of the home improvement retailer's stock after selling 6,859 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Lowe's Companies were worth $25,209,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LOW. Oppenheimer decreased their target price on Lowe's Companies from $315.00 to $275.00 and set an "outperform" rating for the company in a research report on Monday, May 18th. Morgan Stanley reissued an "overweight" rating on shares of Lowe's Companies in a report on Thursday, August 20th. JPMorgan Chase & Co. reduced their price target on shares of Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Raymond James Financial downgraded shares of Lowe's Companies from a "market perform" rating to a "market perform" rating in a report on Tuesday, May 12th. Finally, William Blair began coverage on shares of Lowe's Companies in a research report on Tuesday, May 12th. They issued an "overweight" rating on the stock. Twenty-three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Lowe's Companies has an average rating of "Moderate Buy" and a consensus target price of $258.53.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Janice Dupre sold 14,150 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Juliette Williams Pryor sold 9,330 shares of the stock in a transaction dated 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 sale, the executive vice president directly owned 16,142 shares in the company, valued at $3,628,883.02. This trade represents a 36.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 25,980 shares of company stock valued at $5,796,937 in the last 90 days. 0.29% of the stock is currently owned by company insiders.

Lowe's Companies Stock Up 0.7%

NYSE LOW opened at $208.20 on Friday. The company has a market cap of $116.74 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. Lowe's Companies, Inc. has a 52 week low of $199.40 and a 52 week high of $293.06. The firm's 50-day simple moving average is $215.10 and its two-hundred day simple moving average is $230.79.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.22 by $0.18. The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. Lowe's Companies had a net margin of 7.34% and a negative return on equity of 75.67%. 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 posted $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. As a group, equities research analysts anticipate that Lowe's Companies, Inc. will post 12.26 EPS for the current 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.

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