Sheets Smith Wealth Management Grows Stock Holdings in Lowe’s Companies, Inc. $LOW

Sheets Smith Wealth Management grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 150.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,499 shares of the home improvement retailer’s stock after buying 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.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock valued at $7,889,000 after acquiring an additional 17,413 shares during the period. Revolve Wealth Partners LLC increased its stake in Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock worth $266,000 after purchasing an additional 259 shares during the period. Sivia Capital Partners LLC increased its stake in Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 280 shares during the period. United Bank lifted its position in shares of Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in shares of Lowe’s Companies by 13.1% during the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after purchasing an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a $231.00 price objective on shares of Lowe’s Companies in a report on Thursday, August 20th. Bank of America reduced their target price on shares of Lowe’s Companies from $260.00 to $257.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Piper Sandler decreased their price target on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating for the company in a research report on Thursday, August 13th. Jefferies Financial Group dropped their price target on shares of Lowe’s Companies from $305.00 to $278.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Lowe’s Companies in a research report on Thursday, August 20th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $258.53.

Lowe’s Companies Stock Up 0.7%

Shares of LOW opened at $208.20 on Friday. The company 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. Lowe’s Companies, Inc. has a 52-week low of $199.40 and a 52-week high of $293.06. The stock has a 50 day moving average price of $215.10 and a 200 day moving average price of $230.79.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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 net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion during the quarter, compared to the consensus estimate of $26.13 billion. During the same quarter in the previous year, the firm earned $4.33 EPS. The company’s 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. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.26 EPS for the current fiscal year.

Insider Activity at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 2,500 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $223.83, for a total value of $559,575.00. Following the completion of the sale, the executive vice president directly owned 20,220 shares of the company’s stock, valued at $4,525,842.60. The trade was a 11.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,980 shares of company stock valued at $5,796,937 over the last ninety days. Insiders own 0.29% of the company’s stock.

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.