Lowe's Companies, Inc. (NYSE:LOW) Shares Sold by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC reduced its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 33.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,241 shares of the home improvement retailer's stock after selling 2,166 shares during the quarter. Verdence Capital Advisors LLC's holdings in Lowe's Companies were worth $1,047,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. StoneX Group Inc. purchased a new stake in Lowe's Companies in the third quarter worth about $2,713,000. Principal Financial Group Inc. grew its position in shares of 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 buying an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC raised its stake 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 worth $4,696,000 after acquiring an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake 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 valued at $4,894,000 after acquiring an additional 501 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on LOW. Bank of America decreased their price objective on Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Mizuho lowered their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Truist Financial decreased their price objective on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Sanford C. Bernstein boosted their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised 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 report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $280.83.

Lowe's Companies Stock Down 0.3 %

Shares of LOW stock traded down $0.66 during mid-day trading on Friday, hitting $242.84. 2,570,569 shares of the stock were exchanged, compared to its average volume of 2,278,899. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The firm has a fifty day moving average of $251.90 and a 200 day moving average of $259.01. The company has a market cap of $137.12 billion, a PE 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 announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Equities analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current 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.