Oak Harbor Wealth Partners LLC Sells 280 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Oak Harbor Wealth Partners LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,669 shares of the home improvement retailer’s stock after selling 280 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Lowe’s Companies were worth $906,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LOW. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC increased its stake in shares of Lowe’s Companies by 56.4% during 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 period. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $31,000. Finally, Financial Life Planners purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 0.3 %

Shares of LOW opened at $242.84 on Friday. The business has a 50-day simple moving average of $251.90 and a two-hundred day simple moving average of $259.01. The stock has a market cap 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, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results 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. The business 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 anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on LOW. Mizuho reduced their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Barclays upped their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Bank of America reduced their price target on 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 target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Finally, Truist Financial dropped their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.