Campbell Newman Asset Management Inc. reduced its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,427 shares of the home improvement retailer's stock after selling 7,949 shares during the quarter. Lowe's Companies comprises 2.3% of Campbell Newman Asset Management Inc.'s holdings, making the stock its 19th largest position. Campbell Newman Asset Management Inc.'s holdings in Lowe's Companies were worth $30,522,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Field & Main Bank bought a new stake in shares of Lowe's Companies during the second quarter worth approximately $60,000. Tilia Fiduciary Partners Inc. increased its stake in shares of Lowe's Companies by 4.6% during the second quarter. Tilia Fiduciary Partners Inc. now owns 12,353 shares of the home improvement retailer's stock worth $2,724,000 after purchasing an additional 539 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in shares of Lowe's Companies during the second quarter worth approximately $554,000. Rakuten Investment Management Inc. lifted its holdings in Lowe's Companies by 10.0% during the 2nd quarter. Rakuten Investment Management Inc. now owns 91,604 shares of the home improvement retailer's stock worth $20,121,000 after purchasing an additional 8,353 shares during the last quarter. Finally, Fulcrum Asset Management LLP lifted its holdings in Lowe's Companies by 31.6% during the 2nd quarter. Fulcrum Asset Management LLP now owns 11,860 shares of the home improvement retailer's stock worth $2,605,000 after purchasing an additional 2,850 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have commented on LOW. Mizuho decreased their price objective on Lowe's Companies from $280.00 to $250.00 and set an "outperform" rating on the stock in a report on Thursday, August 20th. Citigroup dropped their target price on Lowe's Companies from $267.00 to $260.00 and set a "buy" rating for the company in a report on Thursday, August 20th. Craig Hallum upgraded shares of Lowe's Companies to a "buy" rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price target on shares of Lowe's Companies from $279.00 to $252.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Finally, Sanford C. Bernstein dropped their price objective on shares of Lowe's Companies from $303.00 to $281.00 and set an "outperform" rating for the company in a research note on Thursday, May 14th. Twenty-three research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $258.53.
Read Our Latest Analysis on LOW
Insider Buying and Selling at Lowe's Companies
In related news, EVP Janice Dupre sold 14,150 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the sale, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. This trade represents a 26.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Juliette Williams Pryor sold 9,330 shares of Lowe's Companies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $224.81, for a total transaction 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 $3,628,883.02. This trade represents a 36.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 Stock Performance
LOW opened at $208.20 on Friday. The firm has a market cap of $116.74 billion, a P/E 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 business's fifty day moving average is $215.10 and its 200-day 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 EPS 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 the consensus estimate of $26.13 billion. Lowe's Companies had a negative return on equity of 75.67% and a net margin of 7.34%.Lowe's Companies's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.33 earnings per share. Lowe's Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, research analysts predict that Lowe's Companies, Inc. will post 12.26 earnings per share for the current fiscal year.
Lowe's Companies Company Profile
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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.
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