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

PNC Financial Services Group Inc. trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the fourth quarter, Holdings Channel reports. The firm owned 397,932 shares of the home improvement retailer’s stock after selling 3,830 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Lowe’s Companies were worth $98,210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Machina Capital S.A.S. lifted its stake in Lowe’s Companies by 498.5% during the 4th quarter. Machina Capital S.A.S. now owns 6,560 shares of the home improvement retailer’s stock worth $1,619,000 after acquiring an additional 5,464 shares in the last quarter. Oak Hill Wealth Advisors LLC increased its stake in Lowe’s Companies by 200.0% during the fourth quarter. Oak Hill Wealth Advisors LLC now owns 1,426 shares of the home improvement retailer’s stock worth $352,000 after purchasing an additional 2,852 shares during the period. Bradyco Inc. acquired a new stake in shares of Lowe’s Companies during the fourth quarter worth about $757,000. Novus Advisors LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $235,000. Finally, Andra AP fonden grew its holdings in shares of Lowe’s Companies by 69.4% in the fourth quarter. Andra AP fonden now owns 128,200 shares of the home improvement retailer’s stock valued at $31,640,000 after purchasing an additional 52,500 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Trading Down 0.3 %

LOW stock opened at $242.84 on Friday. The company has a market capitalization of $137.12 billion, a P/E ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12. The business has a 50 day simple moving average of $251.90 and a 200-day simple moving average of $259.14. 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 issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during 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%. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LOW has been the topic of a number of research reports. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Finally, Piper Sandler cut their target price on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price 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.