Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,939 shares of the home improvement retailer’s stock after selling 112 shares during the quarter. Lowe’s Companies makes up 0.4% of Garrett Wealth Advisory Group LLC’s investment portfolio, making the stock its 21st biggest holding. Garrett Wealth Advisory Group LLC’s holdings in Lowe’s Companies were worth $1,959,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in shares of Lowe’s Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after acquiring an additional 1,223,116 shares during the period. Proficio Capital Partners LLC raised its position in Lowe’s Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock valued at $208,843,000 after purchasing an additional 844,217 shares during the last quarter. Applied Finance Capital Management LLC boosted its stake in Lowe’s Companies by 387.7% during the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after purchasing an additional 645,017 shares during the period. Finally, State Street Corp grew its position in Lowe’s Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW opened at $248.71 on Monday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $140.43 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.11. The business’s fifty day moving average is $252.52 and its two-hundred day moving average is $259.20.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. On average, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. Truist Financial reduced their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday. Bank of America reduced their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Piper Sandler cut their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.