Lowe’s Companies, Inc. $LOW Shares Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 150.3% during the second quarter, HoldingsChannel.com reports. The fund owned 22,499 shares of the home improvement retailer’s stock after purchasing an additional 13,509 shares during the quarter. Sheets Smith Wealth Management’s holdings in Lowe’s Companies were worth $4,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of LOW. Swiss RE Ltd. acquired a new stake in Lowe’s Companies during the 4th quarter worth $25,000. Wilkerson Advisory Group LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at $27,000. Sankala Group LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $33,000. Triumph Capital Management purchased a new stake in shares of Lowe’s Companies in the third quarter valued at about $34,000. Finally, IAG Wealth Partners LLC boosted its stake in shares of Lowe’s Companies by 178.6% during the first quarter. IAG Wealth Partners LLC now owns 156 shares of the home improvement retailer’s stock worth $37,000 after buying an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Janice Dupre sold 14,150 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $221.90, for a total value of $3,139,885.00. Following the completion of the transaction, the executive vice president owned 39,785 shares in the company, valued at $8,828,291.50. This trade represents a 26.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Margrethe R. Vagell sold 2,500 shares of Lowe’s Companies stock in a transaction 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 transaction, the executive vice president directly owned 20,220 shares of the company’s stock, valued at $4,525,842.60. This trade represents a 11.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,980 shares of company stock worth $5,796,937 over the last 90 days. 0.29% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on LOW. Raymond James Financial lowered Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $231.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Stifel Nicolaus dropped their target price on Lowe’s Companies from $270.00 to $220.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Robert W. Baird cut their price target on Lowe’s Companies from $320.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, Oppenheimer decreased their price target on Lowe’s Companies from $315.00 to $275.00 and set an “outperform” rating for the company in a report on Monday, May 18th. Twenty-three 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. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $258.53.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $208.20 on Friday. The firm has a market capitalization of $116.74 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86. The business’s 50 day simple moving average is $215.10 and its 200-day simple moving average is $230.79. Lowe’s Companies, Inc. has a 12 month low of $199.40 and a 12 month high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share for the quarter, beating the consensus estimate of $4.22 by $0.18. The firm 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 quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the business posted $4.33 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.26 earnings per share for the current year.

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.