Davis R M Inc. Sells 816 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Davis R M Inc. reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,627 shares of the home improvement retailer’s stock after selling 816 shares during the period. Davis R M Inc.’s holdings in Lowe’s Companies were worth $2,870,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Claris Advisors LLC MO raised its holdings in Lowe’s Companies by 5.3% during the 4th quarter. Claris Advisors LLC MO now owns 2,000 shares of the home improvement retailer’s stock worth $494,000 after buying an additional 100 shares during the period. Independent Advisor Alliance raised its holdings in Lowe’s Companies by 2.9% during the 4th quarter. Independent Advisor Alliance now owns 55,351 shares of the home improvement retailer’s stock worth $13,661,000 after buying an additional 1,585 shares during the period. Marvin & Palmer Associates Inc. acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $2,902,000. Paragon Private Wealth Management LLC raised its holdings in Lowe’s Companies by 9.0% during the 4th quarter. Paragon Private Wealth Management LLC now owns 6,232 shares of the home improvement retailer’s stock worth $1,538,000 after buying an additional 514 shares during the period. Finally, Meriwether Wealth & Planning LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth approximately $992,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Price Performance

LOW stock opened at $242.07 on Tuesday. The company has a fifty day moving average price of $251.81 and a two-hundred day moving average price of $259.27. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a market cap of $136.68 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth 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 EPS for the quarter, topping 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 firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on LOW shares. Bank of America dropped their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Piper Sandler dropped their target price on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. DA Davidson lifted their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Mizuho lowered their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, Evercore ISI lifted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. One research 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’s stock. According to MarketBeat.com, the stock presently has an average 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.