Lowe’s Companies, Inc. (NYSE:LOW) Position Cut by TCTC Holdings LLC

TCTC Holdings LLC trimmed its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,977 shares of the home improvement retailer’s stock after selling 127 shares during the quarter. Lowe’s Companies comprises 1.0% of TCTC Holdings LLC’s portfolio, making the stock its 26th largest holding. TCTC Holdings LLC’s holdings in Lowe’s Companies were worth $29,117,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOW. IFS Advisors LLC bought a new position in Lowe’s Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the third quarter worth approximately $27,000. Winch Advisory Services LLC lifted its position in 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 worth $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $31,000. Finally, Financial Life Planners acquired a new stake in Lowe’s Companies in the fourth quarter worth approximately $45,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 0.9 %

NYSE LOW opened at $224.64 on Monday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The company has a market capitalization of $126.84 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The firm’s fifty day simple moving average is $250.18 and its 200-day simple moving average is $258.63.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $18.29 billion. As a group, analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LOW. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein upped their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Piper Sandler cut their price objective on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Finally, Royal Bank of Canada cut their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Company 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.