Atlanta Consulting Group Advisors LLC Has $395,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Atlanta Consulting Group Advisors LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,602 shares of the home improvement retailer’s stock after selling 127 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Lowe’s Companies were worth $395,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LOW. IFS Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the third quarter worth approximately $27,000. Winch Advisory Services LLC grew its position in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, Financial Life Planners acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of several research reports. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Bank of America decreased their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Piper Sandler decreased their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

NYSE LOW opened at $224.64 on Monday. The business has a fifty day moving average price of $250.18 and a two-hundred day moving average price of $258.63. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market capitalization of $126.84 billion, a PE ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

About Lowe’s Companies

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.