Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors reduced its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,970 shares of the home improvement retailer’s stock after selling 72 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Lowe’s Companies were worth $733,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. IFS Advisors LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies in the 3rd quarter valued at $27,000. Winch Advisory Services LLC increased its stake in Lowe’s Companies by 56.4% in the 4th 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 period. Marshall Investment Management LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at $31,000. Finally, Financial Life Planners acquired a new position in Lowe’s Companies in the 4th quarter valued at $45,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Bank of America dropped their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Piper Sandler dropped their price objective on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. 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. Finally, Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Trading Down 0.3 %

Shares of LOW stock opened at $242.84 on Friday. The firm has a 50-day moving average price of $251.90 and a 200 day moving average price of $259.01. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company 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.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.