Cim Investment Management Inc. Sells 2,495 Shares of Lowe’s Companies, Inc. $LOW

Cim Investment Management Inc. reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 50.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,434 shares of the home improvement retailer’s stock after selling 2,495 shares during the period. Cim Investment Management Inc.’s holdings in Lowe’s Companies were worth $612,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Waterloo Capital L.P. boosted its holdings in shares of Lowe’s Companies by 1.2% in the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock worth $767,000 after buying an additional 41 shares during the last quarter. TruWealth Advisors LLC increased its holdings in Lowe’s Companies by 2.7% during the third quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock worth $397,000 after buying an additional 42 shares during the last quarter. Cypress Wealth Services LLC increased its holdings in Lowe’s Companies by 2.0% during the third quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock worth $551,000 after buying an additional 42 shares during the last quarter. Hidden Cove Wealth Management LLC raised its position in Lowe’s Companies by 4.6% in the third quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock worth $241,000 after acquiring an additional 42 shares during the period. Finally, Roble Belko & Company Inc raised its position in Lowe’s Companies by 21.4% in the third quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock worth $63,000 after acquiring an additional 44 shares during the period. 74.06% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Marvin R. Ellison sold 18,000 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the sale, the chief executive officer owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This represents a 7.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada increased their target price on shares of Lowe’s Companies from $252.00 to $257.00 and gave the company a “sector perform” rating in a research report on Monday, February 23rd. Truist Financial lowered their price target on shares of Lowe’s Companies from $295.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Wolfe Research dropped their price objective on Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Barclays raised Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 target price for the company in a research report on Wednesday, January 7th. Finally, Guggenheim boosted their target price on Lowe’s Companies from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Twenty-one analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average price target of $289.76.

Lowe’s Companies Trading Down 0.9%

LOW opened at $239.82 on Wednesday. Lowe’s Companies, Inc. has a 12 month low of $206.38 and a 12 month high of $293.06. The company has a market cap of $134.53 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 5.26 and a beta of 0.98. The company has a 50 day moving average of $268.21 and a 200 day moving average of $253.87.

Lowe’s Companies (NYSE:LOW) last issued its earnings results 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 net margin of 7.71% and a negative return on equity of 61.40%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.93 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal 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.