Geneva Capital Management LLC Sells 733 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Geneva Capital Management LLC decreased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,285 shares of the home improvement retailer’s stock after selling 733 shares during the period. Geneva Capital Management LLC’s holdings in Lowe’s Companies were worth $2,538,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LOW. Klingenstein Fields & Co. LP boosted its position in shares of Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after purchasing an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Lowe’s Companies by 0.5% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after acquiring an additional 40 shares during the last quarter. Powers Advisory Group LLC boosted its position in shares of Lowe’s Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after acquiring an additional 40 shares during the last quarter. Saxony Capital Management LLC boosted its position in shares of Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after acquiring an additional 40 shares during the last quarter. Finally, Cordatus Wealth Management LLC boosted its position in shares of Lowe’s Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock worth $3,705,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.2 %

Shares of LOW opened at $243.50 on Friday. The company’s fifty day simple moving average is $252.01 and its 200-day simple moving average is $259.01. The company has a market cap of $137.49 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Evercore ISI upped their target price 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. Wedbush restated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Royal Bank of Canada dropped their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Finally, Truist Financial dropped their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.