Bridges Investment Management Inc. Sells 2,929 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Bridges Investment Management Inc. lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 372,513 shares of the home improvement retailer’s stock after selling 2,929 shares during the quarter. Lowe’s Companies comprises approximately 1.3% of Bridges Investment Management Inc.’s holdings, making the stock its 23rd largest holding. Bridges Investment Management Inc. owned 0.07% of Lowe’s Companies worth $91,936,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Maia Wealth LLC increased its position in Lowe’s Companies by 2.5% during the fourth quarter. Maia Wealth LLC now owns 2,215 shares of the home improvement retailer’s stock worth $595,000 after acquiring an additional 54 shares during the period. Cape Investment Advisory Inc. boosted its stake in Lowe’s Companies by 12.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 428 shares of the home improvement retailer’s stock worth $106,000 after buying an additional 46 shares in the last quarter. Hickory Point Bank & Trust acquired a new stake in Lowe’s Companies during the fourth quarter worth $463,000. Purkiss Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $301,000. Finally, Nixon Peabody Trust Co. boosted its stake in shares of Lowe’s Companies by 1.0% in the 4th quarter. Nixon Peabody Trust Co. now owns 48,586 shares of the home improvement retailer’s stock valued at $11,991,000 after purchasing an additional 484 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $248.71 on Friday. The stock’s fifty day moving average is $252.52 and its 200 day moving average is $259.05. The stock has a market capitalization of $140.43 billion, a P/E ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week 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 for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Mizuho reduced their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday. Bank of America reduced their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average 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.