Sitrin Capital Management LLC Sells 90 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sitrin Capital Management LLC lessened its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,502 shares of the home improvement retailer’s stock after selling 90 shares during the quarter. Sitrin Capital Management LLC’s holdings in Lowe’s Companies were worth $371,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. StoneX Group Inc. acquired a new stake in Lowe’s Companies in the third quarter valued at $2,713,000. Principal Financial Group Inc. boosted its stake 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 valued at $175,944,000 after purchasing an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in Lowe’s Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after acquiring an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake 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 worth $98,104,000 after purchasing an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in shares of Lowe’s Companies by 2.6% during the 4th 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 period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 2.2 %

NYSE LOW opened at $242.33 on Wednesday. The company has a market cap of $136.83 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The firm’s 50-day simple moving average is $252.53 and its two-hundred day simple moving average is $258.94. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Sanford C. Bernstein increased their price objective 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. Wells Fargo & Company upped their price target on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, February 20th. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $282.96.

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.