Sitrin Capital Management LLC Sells 90 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sitrin Capital Management LLC lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,502 shares of the home improvement retailer’s stock after selling 90 shares during the period. Sitrin Capital Management LLC’s holdings in Lowe’s Companies were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares in the last quarter. Marshall Investment Management LLC bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LOW shares. Sanford C. Bernstein raised their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, February 20th. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI raised their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada boosted their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Trading Up 2.2 %

NYSE LOW opened at $242.33 on Wednesday. The company has a market cap of $136.83 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.96 and a beta of 1.11. The company has a 50 day moving average of $252.53 and a 200-day moving average of $258.94. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

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.