Alta Capital Management LLC Sells 33,609 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Alta Capital Management LLC lowered its position in Lowe’s Companies, Inc. (NYSE:LOW) by 34.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,825 shares of the home improvement retailer’s stock after selling 33,609 shares during the period. Alta Capital Management LLC’s holdings in Lowe’s Companies were worth $15,505,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LOW. IFS Advisors LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the third quarter valued at approximately $27,000. Winch Advisory Services LLC raised its stake in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors raised its stake in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of research analyst reports. Bank of America cut their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Truist Financial dropped 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. Royal Bank of Canada dropped their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, DA Davidson boosted their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Down 1.2 %

LOW opened at $245.64 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a fifty day simple moving average of $252.49 and a 200 day simple moving average of $259.24. The stock has a market cap of $138.70 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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. On average, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.