UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 725,624 Shares of Lowe's Companies, Inc. $LOW

Key Points

• UBS Asset Management reduced its Lowe’s stake by 13.1%, selling 725,624 shares and retaining 4.81 million shares valued at approximately $1.06 billion. Institutional investors collectively own 74.06% of the company.
• Analyst sentiment remains favorable, with 23 Buy, 11 Hold, and two Sell ratings producing a “Moderate Buy” consensus and an average price target of $258.53.
• Lowe’s recently reported quarterly EPS of $4.40, beating expectations of $4.22, while revenue rose 8.3% year over year to $25.96 billion but fell slightly short of estimates.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,812,200 shares of the home improvement retailer's stock after selling 725,624 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.86% of Lowe's Companies worth $1,061,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in Lowe's Companies by 1.8% during the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer's stock worth $8,939,928,000 after purchasing an additional 714,092 shares in the last quarter. State Street Corp increased its position in shares of Lowe's Companies by 0.5% during the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer's stock worth $6,291,867,000 after acquiring an additional 124,501 shares in the last quarter. Geode Capital Management LLC boosted its stake in Lowe's Companies by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 13,326,581 shares of the home improvement retailer's stock worth $3,201,329,000 after purchasing an additional 887,579 shares during the period. Norges Bank acquired a new position in Lowe's Companies in the 4th quarter worth $1,993,697,000. Finally, Northern Trust Corp increased its holdings in Lowe's Companies by 1.5% during the 3rd quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer's stock worth $1,716,467,000 after purchasing an additional 103,827 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LOW. Wolfe Research set a $254.00 price target on Lowe's Companies in a report on Thursday, May 21st. Citigroup cut their price objective on shares of Lowe's Companies from $267.00 to $260.00 and set a "buy" rating on the stock in a research report on Thursday, August 20th. HSBC reduced their target price on shares of Lowe's Companies from $260.00 to $220.00 and set a "hold" rating for the company in a report on Thursday, May 21st. Piper Sandler cut their price target on shares of Lowe's Companies from $276.00 to $274.00 and set an "overweight" rating on the stock in a research report on Thursday, August 13th. Finally, Gordon Haskett reduced their price objective on shares of Lowe's Companies from $280.00 to $250.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Twenty-three 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 company. Based on data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $258.53.

Lowe's Companies Stock Up 0.7%

LOW opened at $208.20 on Friday. Lowe's Companies, Inc. has a twelve month low of $199.40 and a twelve month high of $293.06. The stock has a market capitalization of $116.74 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 2.77 and a beta of 0.86. The company has a 50-day simple moving average of $215.10 and a 200 day simple moving average of $230.79.

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

Insider Buying and Selling

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $223.83, for a total value of $559,575.00. Following the sale, the executive vice president directly owned 20,220 shares in the company, valued at $4,525,842.60. This represents a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Juliette Williams Pryor sold 9,330 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 16,142 shares in the company, valued at approximately $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,980 shares of company stock valued at $5,796,937 over the last ninety days. 0.29% of the stock is owned by company insiders.

Lowe's Companies Company 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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