Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. trimmed its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 166,700 shares of the home improvement retailer’s stock after selling 822 shares during the period. Lowe’s Companies makes up 0.8% of Mesirow Financial Investment Management Inc.’s investment portfolio, making the stock its 24th biggest position. Mesirow Financial Investment Management Inc.’s holdings in Lowe’s Companies were worth $41,142,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth $31,000. JNBA Financial Advisors lifted its position in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Finally, Winch Advisory Services LLC increased its holdings in 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 buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.2 %

Shares of LOW stock opened at $243.50 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The business has a fifty day simple moving average of $252.01 and a 200-day simple moving average of $259.01. The stock has a market cap of $137.49 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $18.29 billion. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Wall Street Analyst Weigh In

LOW has been the topic of several research analyst reports. Wedbush reissued a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Bank of America decreased their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Piper Sandler reduced their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.