Swiss National Bank Has $395.52 Million Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Swiss National Bank lessened its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,602,600 shares of the home improvement retailer's stock after selling 88,700 shares during the period. Swiss National Bank owned approximately 0.28% of Lowe's Companies worth $395,522,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. United Bank grew its holdings in shares of Lowe's Companies by 1.4% during the third quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock valued at $2,735,000 after buying an additional 137 shares during the last quarter. Harbour Investments Inc. lifted its position in Lowe's Companies by 1.6% in the 3rd quarter. Harbour Investments Inc. now owns 8,178 shares of the home improvement retailer's stock valued at $2,215,000 after acquiring an additional 129 shares in the last quarter. Savvy Advisors Inc. bought a new stake in Lowe's Companies during the 3rd quarter worth approximately $558,000. Prime Capital Investment Advisors LLC raised its stake in shares of Lowe's Companies by 2.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 16,894 shares of the home improvement retailer's stock worth $4,576,000 after purchasing an additional 401 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Lowe's Companies by 10.9% in the third quarter. Victory Capital Management Inc. now owns 536,533 shares of the home improvement retailer's stock valued at $145,320,000 after purchasing an additional 52,856 shares in the last quarter. Institutional investors own 74.06% of the company's stock.

Lowe's Companies Trading Down 1.9 %

Shares of LOW stock opened at $228.20 on Thursday. The firm's 50 day moving average is $251.15 and its 200 day moving average is $258.93. The stock has a market capitalization of $128.86 billion, a P/E ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

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Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Analyst Ratings Changes

LOW has been the subject of several recent research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, February 26th. Truist Financial reduced their target price 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. Stifel Nicolaus raised their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Finally, StockNews.com lowered shares of Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $280.83.

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.

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