Atria Investments Inc Reduces Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Atria Investments Inc reduced its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 57,214 shares of the home improvement retailer’s stock after selling 2,159 shares during the period. Atria Investments Inc’s holdings in Lowe’s Companies were worth $14,120,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Chicago Partners Investment Group LLC lifted its stake in Lowe’s Companies by 1.6% in the third quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock worth $703,000 after acquiring an additional 41 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth $103,000. FSM Wealth Advisors LLC grew its position in Lowe’s Companies by 11.8% during the third quarter. FSM Wealth Advisors LLC now owns 1,506 shares of the home improvement retailer’s stock valued at $408,000 after buying an additional 159 shares during the period. ASB Consultores LLC grew its position in shares of Lowe’s Companies by 5.4% during the 3rd quarter. ASB Consultores LLC now owns 1,049 shares of the home improvement retailer’s stock valued at $284,000 after acquiring an additional 54 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in Lowe’s Companies by 5.8% in the 3rd quarter. Crestwood Advisors Group LLC now owns 8,735 shares of the home improvement retailer’s stock worth $2,366,000 after purchasing an additional 477 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 2.6 %

Shares of LOW stock opened at $239.71 on Wednesday. The stock has a 50 day simple moving average of $252.28 and a 200-day simple moving average of $259.23. The company has a market cap of $135.35 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

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 analysts’ expectations 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 analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

LOW has been the topic of several research analyst reports. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada cut 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 report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

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.