Pecaut & CO. Cuts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Pecaut & CO. trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 21,352 shares of the home improvement retailer’s stock after selling 1,297 shares during the period. Lowe’s Companies makes up about 1.8% of Pecaut & CO.’s investment portfolio, making the stock its 16th largest holding. Pecaut & CO.’s holdings in Lowe’s Companies were worth $5,270,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. boosted its stake in Lowe’s Companies by 5.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 33,169 shares of the home improvement retailer’s stock valued at $8,186,000 after purchasing an additional 1,613 shares during the last quarter. Holderness Investments Co. boosted its stake in shares of Lowe’s Companies by 0.4% in the 4th quarter. Holderness Investments Co. now owns 12,834 shares of the home improvement retailer’s stock worth $3,167,000 after buying an additional 54 shares during the last quarter. HUB Investment Partners LLC boosted its stake in shares of Lowe’s Companies by 39.2% in the 4th quarter. HUB Investment Partners LLC now owns 2,698 shares of the home improvement retailer’s stock worth $666,000 after buying an additional 760 shares during the last quarter. Symmetry Partners LLC boosted its stake in shares of Lowe’s Companies by 246.1% in the 4th quarter. Symmetry Partners LLC now owns 3,856 shares of the home improvement retailer’s stock worth $952,000 after buying an additional 2,742 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of Lowe’s Companies by 24.6% in the 4th quarter. iA Global Asset Management Inc. now owns 18,582 shares of the home improvement retailer’s stock worth $4,586,000 after buying an additional 3,670 shares during the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.3 %

NYSE:LOW opened at $226.17 on Friday. The business’s 50-day simple moving average is $248.40 and its two-hundred day simple moving average is $257.85. The stock has a market cap of $127.70 billion, a PE ratio of 18.86, a P/E/G 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 earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LOW. Bank of America dropped 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. Sanford C. Bernstein raised their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Truist Financial dropped their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada dropped their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Finally, Mizuho lowered their target price on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $280.83.

About Lowe’s Companies

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.