Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Naviter Wealth LLC

Naviter Wealth LLC reduced its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 76.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,628 shares of the home improvement retailer's stock after selling 5,219 shares during the period. Naviter Wealth LLC's holdings in Lowe's Companies were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFS Advisors LLC purchased a new position in shares of Lowe's Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe's Companies in the 3rd quarter worth $27,000. Winch Advisory Services LLC grew its stake in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new position in shares of Lowe's Companies in the 4th quarter worth $31,000. Finally, Financial Life Planners purchased a new position in shares of Lowe's Companies in the 4th quarter worth $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent analyst reports. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Truist Financial dropped their price target on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research note on Thursday, February 27th. Evercore ISI lifted their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research note on Thursday, December 12th. Sanford C. Bernstein lifted their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, Guggenheim reaffirmed a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $280.83.

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Lowe's Companies Stock Performance

NYSE LOW traded down $0.66 during mid-day trading on Friday, reaching $242.84. 2,570,569 shares of the stock were exchanged, compared to its average volume of 2,282,015. The business's 50 day moving average is $251.90 and its 200-day moving average is $259.25. 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 $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12.

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, 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 firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies 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.