Retirement Solution LLC Sells 359 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Retirement Solution LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,022 shares of the home improvement retailer’s stock after selling 359 shares during the quarter. Lowe’s Companies comprises 0.5% of Retirement Solution LLC’s portfolio, making the stock its 17th biggest holding. Retirement Solution LLC’s holdings in Lowe’s Companies were worth $1,733,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. IFS Advisors LLC bought a new position in Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the third quarter valued at approximately $27,000. Winch Advisory Services LLC increased its holdings 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 acquiring an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth about $31,000. Finally, Financial Life Planners purchased a new stake in Lowe’s Companies during the 4th quarter valued at about $45,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

LOW opened at $242.84 on Friday. The firm has a market capitalization of $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. The firm’s 50 day moving average is $251.90 and its 200-day moving average is $259.14. 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 results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Bank of America decreased 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 note on Thursday, February 27th. Finally, StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Company 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.