PFG Advisors Sells 816 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

PFG Advisors decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 36.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,404 shares of the home improvement retailer’s stock after selling 816 shares during the quarter. PFG Advisors’ holdings in Lowe’s Companies were worth $347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Summit X LLC boosted its stake in Lowe’s Companies by 8.5% during the 4th quarter. Summit X LLC now owns 1,619 shares of the home improvement retailer’s stock worth $399,000 after acquiring an additional 127 shares during the last quarter. Natural Investments LLC bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $964,000. AGF Management Ltd. bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $1,350,000. Cushing Capital Partners LLC bought a new position in Lowe’s Companies in the fourth quarter valued at approximately $725,000. Finally, Markel Group Inc. lifted its stake in Lowe’s Companies by 1.6% in the fourth quarter. Markel Group Inc. now owns 701,480 shares of the home improvement retailer’s stock valued at $173,125,000 after buying an additional 11,000 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE:LOW opened at $224.64 on Friday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $126.84 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12. The firm’s fifty day moving average price is $250.18 and its two-hundred day moving average price is $258.56.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. Truist Financial cut their price target on shares of 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. Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Finally, Evercore ISI boosted 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 research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has an average 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.