Lee Danner & Bass Inc. Has $17.96 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Lee Danner & Bass Inc. decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 72,781 shares of the home improvement retailer’s stock after selling 1,976 shares during the period. Lowe’s Companies comprises about 1.4% of Lee Danner & Bass Inc.’s portfolio, making the stock its 13th biggest holding. Lee Danner & Bass Inc.’s holdings in Lowe’s Companies were worth $17,962,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. StoneX Group Inc. bought a new stake in shares of Lowe’s Companies in the 3rd quarter valued at approximately $2,713,000. Principal Financial Group Inc. grew 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 buying an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Lowe’s Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after buying an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Lowe’s Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after buying an additional 4,435 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Lowe’s Companies by 2.6% in the 4th 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 buying an additional 501 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $226.17 on Friday. The stock has a fifty day moving average price of $248.40 and a two-hundred day moving average price of $257.85. 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 $127.70 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LOW shares. Truist Financial lowered their price target on 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. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Mizuho decreased their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.