Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,781 shares of the home improvement retailer’s stock after selling 1,976 shares during the quarter. Lowe’s Companies comprises about 1.4% of Lee Danner & Bass Inc.’s investment portfolio, making the stock its 13th largest holding. Lee Danner & Bass Inc.’s holdings in Lowe’s Companies were worth $17,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. StoneX Group Inc. acquired a new position in shares of Lowe’s Companies during the third quarter valued at $2,713,000. Principal Financial Group Inc. boosted its holdings in shares of Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after acquiring an additional 24,812 shares during the period. Miracle Mile Advisors LLC boosted its holdings in shares of Lowe’s Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after acquiring an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Lowe’s Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after purchasing an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Lowe’s Companies by 2.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after purchasing an additional 501 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday, February 26th. Truist Financial reduced their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Trading Up 0.3 %

NYSE LOW opened at $226.17 on Friday. The stock’s 50-day moving average price is $248.40 and its two-hundred day moving average price is $257.85. The company has a market cap of $127.70 billion, a PE ratio of 18.86, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal 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.