Middleton & Co. Inc. MA Sells 655 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Middleton & Co. Inc. MA decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,781 shares of the home improvement retailer’s stock after selling 655 shares during the period. Middleton & Co. Inc. MA’s holdings in Lowe’s Companies were worth $2,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies in the third quarter valued at about $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $31,000. JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 555.6% in the third 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 position in Lowe’s Companies by 56.4% during the fourth 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. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $248.71 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market cap of $140.43 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.11. The firm’s 50-day simple moving average is $252.52 and its 200 day simple moving average is $258.89.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The business 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%. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research analyst reports. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Mizuho reduced their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday. Wedbush reiterated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Piper Sandler cut their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

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.