Retirement Solution LLC Sells 359 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Retirement Solution LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,022 shares of the home improvement retailer’s stock after selling 359 shares during the quarter. Lowe’s Companies accounts for about 0.5% of Retirement Solution LLC’s investment portfolio, making the stock its 17th biggest holding. Retirement Solution LLC’s holdings in Lowe’s Companies were worth $1,733,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in Lowe’s Companies in the 3rd quarter worth approximately $61,000. Equitable Trust Co. lifted its holdings in Lowe’s Companies by 0.7% in the 3rd quarter. Equitable Trust Co. now owns 11,049 shares of the home improvement retailer’s stock worth $2,993,000 after purchasing an additional 79 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Lowe’s Companies in the 3rd quarter worth approximately $3,501,000. Holistic Planning LLC acquired a new stake in Lowe’s Companies in the 3rd quarter worth approximately $271,000. Finally, Applied Finance Capital Management LLC lifted its holdings in Lowe’s Companies by 387.7% in the 3rd quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after purchasing an additional 645,017 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

Shares of LOW stock opened at $242.84 on Friday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm has a market capitalization of $137.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12. The stock has a fifty day moving average of $251.90 and a 200 day moving average of $259.14.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating 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 business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on LOW shares. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Barclays boosted their target price on shares of 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. Truist Financial reduced 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 report on Thursday, February 27th. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Stifel Nicolaus upped their price objective 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

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.