Connor Clark & Lunn Investment Management Ltd. Sells 89,066 Shares of Lowe's Companies, Inc. $LOW

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in Lowe's by 14.9%, selling 89,066 shares and retaining 508,795 shares worth about $127.9 million (≈0.09% of the company).
• CEO Marvin R. Ellison sold 18,000 shares on Jan. 9 at an average $261.17 (a 7.23% reduction in his holding), and overall insider ownership remains low at 0.27%.
• Several analysts raised price targets and the consensus is a Moderate Buy with an average target of $289.76; Lowe's also beat quarterly EPS/revenue expectations and set FY2026 guidance of $12.25–$12.75 EPS.

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 508,795 shares of the home improvement retailer's stock after selling 89,066 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of Lowe's Companies worth $127,865,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Activest Wealth Management lifted its stake in Lowe's Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer's stock valued at $29,000 after acquiring an additional 51 shares in the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Lowe's Companies in the 2nd quarter worth $27,000. Traub Capital Management LLC purchased a new stake in shares of Lowe's Companies in the second quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Lowe's Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 76 shares during the last quarter. Finally, Guerra Advisors Inc purchased a new stake in shares of Lowe's Companies in the third quarter valued at about $35,000. Institutional investors own 74.06% of the company's stock.

Insider Buying and Selling at Lowe's Companies

In other news, CEO Marvin R. Ellison sold 18,000 shares of the business's stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares of the company's stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Lowe's Companies from $250.00 to $285.00 and gave the stock a "neutral" rating in a report on Thursday, February 12th. The Goldman Sachs Group increased their price objective on shares of Lowe's Companies from $283.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, February 26th. Barclays upgraded Lowe's Companies from an "equal weight" rating to an "overweight" rating and set a $285.00 target price on the stock in a research note on Wednesday, January 7th. Gordon Haskett reduced their target price on Lowe's Companies from $325.00 to $300.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Finally, UBS Group decreased their price target on Lowe's Companies from $316.00 to $315.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Twenty-one research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Lowe's Companies presently has a consensus rating of "Moderate Buy" and an average target price of $289.76.

Lowe's Companies Stock Performance

LOW stock opened at $246.96 on Thursday. The stock has a fifty day moving average of $268.61 and a 200-day moving average of $254.42. Lowe's Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $293.06. The company has a market capitalization of $138.53 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 5.45 and a beta of 0.98.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.04. The business had revenue of $20.58 billion for the quarter, compared to analysts' expectations of $20.34 billion. Lowe's Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.93 EPS. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

About Lowe's Companies

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.

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.