Benjamin Edwards Inc. increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 8.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,200 shares of the home improvement retailer's stock after acquiring an additional 6,967 shares during the period. Benjamin Edwards Inc.'s holdings in Lowe's Companies were worth $18,789,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. bought a new position in Lowe's Companies in the second quarter valued at approximately $3,971,000. Cookson Peirce & Co. Inc. raised its stake in shares of Lowe's Companies by 4.3% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 3,012 shares of the home improvement retailer's stock worth $664,000 after purchasing an additional 125 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in shares of Lowe's Companies by 150.3% in the 2nd quarter. Sheets Smith Wealth Management now owns 22,499 shares of the home improvement retailer's stock valued at $4,961,000 after buying an additional 13,509 shares during the last quarter. Spinnaker Trust boosted its holdings in shares of Lowe's Companies by 3.7% in the 2nd quarter. Spinnaker Trust now owns 1,345 shares of the home improvement retailer's stock valued at $297,000 after buying an additional 48 shares during the last quarter. Finally, New Mexico Educational Retirement Board grew its stake in shares of Lowe's Companies by 9.0% in the second quarter. New Mexico Educational Retirement Board now owns 27,877 shares of the home improvement retailer's stock valued at $6,147,000 after buying an additional 2,300 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Lowe's Companies
In other news, EVP Juliette Williams Pryor sold 9,330 shares of the business's stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total value of $2,097,477.30. Following the completion of the transaction, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. The trade was a 36.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $3,139,885.00. Following the sale, the executive vice president directly owned 39,785 shares of the company's stock, valued at approximately $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 a total of 25,980 shares of company stock valued at $5,796,937 in the last ninety days. 0.29% of the stock is currently owned by company insiders.
Lowe's Companies Trading Up 0.7%
NYSE LOW opened at $208.20 on Friday. Lowe's Companies, Inc. has a 1-year low of $199.40 and a 1-year high of $293.06. The company has a 50 day moving average of $215.10 and a 200-day moving average of $230.79. The company has a market cap of $116.74 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.77 and a beta of 0.86.
Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping analysts' consensus estimates of $4.22 by $0.18. The firm had revenue of $25.96 billion for 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 revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the company earned $4.33 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities research analysts forecast that Lowe's Companies, Inc. will post 12.26 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Truist Financial cut their price target on shares of Lowe's Companies from $255.00 to $254.00 and set a "buy" rating for the company in a research note on Thursday, August 20th. DA Davidson reaffirmed a "neutral" rating and issued a $245.00 price objective on shares of Lowe's Companies in a research report on Wednesday, August 19th. Evercore reduced their target price on Lowe's Companies from $250.00 to $230.00 in a research note on Thursday, May 21st. UBS Group dropped their price target on Lowe's Companies from $285.00 to $275.00 and set a "buy" rating on the stock in a research note on Thursday, August 20th. Finally, Weiss Ratings cut shares of Lowe's Companies from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.53.
View Our Latest Research Report on LOW
About Lowe's Companies
(
Free Report)
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.
Further Reading
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