Lowe’s Companies, Inc. (NYSE:LOW) EVP Donald Frieson Sells 9,411 Shares

Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) EVP Donald Frieson sold 9,411 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $197.00, for a total value of $1,853,967.00. Following the completion of the sale, the executive vice president now directly owns 17,888 shares of the company’s stock, valued at $3,523,936. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Lowe’s Companies Stock Down 1.2 %

Shares of LOW stock opened at $197.36 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $238.37. The stock has a market cap of $122.50 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.13 and a beta of 1.10. The business has a fifty day simple moving average of $205.77 and a 200-day simple moving average of $201.03.

Lowe’s Companies (NYSE:LOW – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.07. Lowe’s Companies had a negative return on equity of 82.30% and a net margin of 6.63%. The business had revenue of $22.40 billion during the quarter, compared to analysts’ expectations of $22.71 billion. During the same quarter last year, the business posted $1.78 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 13.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. TD Cowen decreased their price objective on Lowe’s Companies from $220.00 to $210.00 and set a “market perform” rating for the company in a report on Thursday, March 2nd. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday. Wedbush increased their price target on Lowe’s Companies from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, December 8th. Finally, The Goldman Sachs Group increased their price target on Lowe’s Companies from $241.00 to $246.00 and gave the stock a “buy” rating in a report on Wednesday, December 7th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $224.81.

Institutional Trading of Lowe’s Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. increased its position in Lowe’s Companies by 4.1% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 22,662 shares of the home improvement retailer’s stock worth $4,515,000 after purchasing an additional 883 shares in the last quarter. Mather Group LLC. increased its position in Lowe’s Companies by 7.6% during the 4th quarter. Mather Group LLC. now owns 8,397 shares of the home improvement retailer’s stock worth $1,673,000 after purchasing an additional 593 shares in the last quarter. Great Lakes Retirement Inc. purchased a new stake in Lowe’s Companies during the 4th quarter worth about $1,253,000. Rockefeller Capital Management L.P. increased its position in Lowe’s Companies by 6.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 210,297 shares of the home improvement retailer’s stock worth $41,898,000 after purchasing an additional 12,126 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Lowe’s Companies during the 4th quarter worth about $72,000. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.