Amalgamated Bank Trims Stake in Lowe's Companies, Inc. (NYSE:LOW)

Amalgamated Bank decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 111,045 shares of the home improvement retailer's stock after selling 1,956 shares during the period. Amalgamated Bank's holdings in Lowe's Companies were worth $27,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in shares of Lowe's Companies during the 3rd quarter valued at $2,713,000. Principal Financial Group Inc. increased its position in Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after purchasing an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Lowe's Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after buying an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Lowe's Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after buying an additional 4,435 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Lowe's Companies by 2.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Up 2.0 %

Shares of NYSE LOW traded up $4.77 during trading on Wednesday, reaching $247.16. 4,649,589 shares of the company traded hands, compared to its average volume of 2,355,349. The firm has a 50 day simple moving average of $252.53 and a 200-day simple moving average of $258.94. The stock has a market capitalization of $139.56 billion, a PE ratio of 20.61, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Truist Financial upped their price target on Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Wells Fargo & Company increased their price target on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Sanford C. Bernstein raised their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Barclays boosted their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus price target of $282.96.

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.