Atria Investments Inc Reduces Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Atria Investments Inc reduced its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,214 shares of the home improvement retailer's stock after selling 2,159 shares during the quarter. Atria Investments Inc's holdings in Lowe's Companies were worth $14,120,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LOW. Chicago Partners Investment Group LLC grew its stake in Lowe's Companies by 1.6% in the third quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer's stock valued at $703,000 after acquiring an additional 41 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in Lowe's Companies in the third quarter valued at approximately $103,000. FSM Wealth Advisors LLC boosted its position in shares of Lowe's Companies by 11.8% during the third quarter. FSM Wealth Advisors LLC now owns 1,506 shares of the home improvement retailer's stock valued at $408,000 after buying an additional 159 shares during the last quarter. ASB Consultores LLC boosted its position in shares of Lowe's Companies by 5.4% during the third quarter. ASB Consultores LLC now owns 1,049 shares of the home improvement retailer's stock valued at $284,000 after buying an additional 54 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its position in shares of Lowe's Companies by 5.8% during the third quarter. Crestwood Advisors Group LLC now owns 8,735 shares of the home improvement retailer's stock valued at $2,366,000 after buying an additional 477 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

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Lowe's Companies Stock Down 0.3 %

Shares of NYSE:LOW traded down $0.66 during midday trading on Friday, reaching $242.84. 2,570,569 shares of the company traded hands, compared to its average volume of 2,278,899. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The firm's fifty day moving average price is $251.90 and its two-hundred day moving average price is $259.01. The firm has a market capitalization of $137.12 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on LOW shares. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Royal Bank of Canada cut their price objective on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Wedbush reissued a "neutral" rating and issued a $250.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Barclays boosted their price objective on 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.