Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 66.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 8,143 shares of the home improvement retailer’s stock after selling 16,114 shares during the period. WealthPlan Investment Management LLC’s holdings in Lowe’s Companies were worth $1,692,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Axiom Financial Strategies LLC lifted its holdings in shares of Lowe’s Companies by 9.8% in the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after acquiring an additional 123 shares during the last quarter. United Bank lifted its holdings in shares of Lowe’s Companies by 6.8% in the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after acquiring an additional 617 shares during the last quarter. Prudential PLC acquired a new position in shares of Lowe’s Companies in the 1st quarter worth approximately $1,629,000. Baird Financial Group Inc. lifted its holdings in shares of Lowe’s Companies by 0.4% in the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock worth $51,780,000 after acquiring an additional 920 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Lowe’s Companies by 74.6% in the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock worth $60,000 after acquiring an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 71.88% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $222.26 on Friday. The firm’s fifty day moving average price is $217.33 and its 200 day moving average price is $212.92. The company has a market capitalization of $127.82 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. Lowe’s Companies, Inc. has a 12 month low of $181.85 and a 12 month high of $237.21.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.03 by $0.03. Lowe’s Companies had a net margin of 8.49% and a negative return on equity of 54.56%. The company had revenue of $20.74 billion for the quarter, compared to the consensus estimate of $20.87 billion. During the same period last year, the firm posted $3.27 EPS. Lowe’s Companies’s revenue for the quarter was down 11.7% on a year-over-year basis. As a group, sell-side analysts forecast that Lowe’s Companies, Inc. will post 13.02 earnings per share for the current year.

Analyst Ratings Changes

LOW has been the topic of a number of research reports. Wedbush reduced their target price on shares of Lowe’s Companies from $230.00 to $215.00 and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. Piper Sandler increased their target price on shares of Lowe’s Companies from $218.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. UBS Group reduced their target price on shares of Lowe’s Companies from $265.00 to $240.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Oppenheimer lowered shares of Lowe’s Companies from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $240.04.

Get Our Latest Stock Analysis on LOW

Lowe’s Companies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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