Stokes Family Office LLC Sells 63 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Stokes Family Office LLC decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,479 shares of the home improvement retailer’s stock after selling 63 shares during the quarter. Stokes Family Office LLC’s holdings in Lowe’s Companies were worth $365,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LOW. IFS Advisors LLC bought a new stake in Lowe’s Companies in the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in Lowe’s Companies in the 4th quarter worth approximately $31,000. Finally, Financial Life Planners bought a new stake in Lowe’s Companies in the 4th quarter worth approximately $45,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 1.1 %

NYSE LOW opened at $225.47 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market cap of $127.31 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.12. The stock’s fifty day moving average price is $248.81 and its 200-day moving average price is $258.07.

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 negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on LOW shares. Mizuho lowered their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Evercore ISI boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. Sanford C. Bernstein upped their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus upped their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.