Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Symphony Financial Services Inc.

Symphony Financial Services Inc. lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 34.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,095 shares of the home improvement retailer’s stock after selling 580 shares during the quarter. Symphony Financial Services Inc.’s holdings in Lowe’s Companies were worth $270,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the 3rd quarter valued at approximately $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter worth about $31,000. JNBA Financial Advisors grew its stake in Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Winch Advisory Services LLC increased its holdings in Lowe’s Companies by 56.4% during the 4th 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. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LOW shares. Mizuho reduced their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Truist Financial reduced their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Price Performance

NYSE:LOW opened at $239.71 on Wednesday. The business’s 50-day moving average is $252.28 and its two-hundred day moving average is $259.23. The firm has a market capitalization of $135.35 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month 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 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 analyst estimates of $18.29 billion. Equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.