Sowell Financial Services LLC lessened its stake in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 10.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,419 shares of the home improvement retailer’s stock after selling 2,707 shares during the period. Sowell Financial Services LLC’s holdings in Lowe’s Companies were worth $4,398,000 at the end of the most recent quarter.

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A number of other large investors have also added to or reduced their stakes in the stock. WINTON GROUP Ltd raised its holdings in shares of Lowe’s Companies by 1.2% during the 2nd quarter. WINTON GROUP Ltd now owns 4,077 shares of the home improvement retailer’s stock worth $712,000 after acquiring an additional 50 shares during the period. Confluence Wealth Services Inc. grew its holdings in shares of Lowe’s Companies by 1.4% in the second quarter. Confluence Wealth Services Inc. now owns 3,500 shares of the home improvement retailer’s stock valued at $707,000 after purchasing an additional 50 shares during the period. Family Firm Inc. grew its holdings in shares of Lowe’s Companies by 3.0% in the third quarter. Family Firm Inc. now owns 1,712 shares of the home improvement retailer’s stock valued at $322,000 after purchasing an additional 50 shares during the period. Northwest Investment Counselors LLC grew its holdings in shares of Lowe’s Companies by 56.0% in the third quarter. Northwest Investment Counselors LLC now owns 142 shares of the home improvement retailer’s stock valued at $27,000 after purchasing an additional 51 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of Lowe’s Companies by 2.8% in the first quarter. Mather Group LLC. now owns 1,939 shares of the home improvement retailer’s stock valued at $392,000 after purchasing an additional 52 shares during the period. Institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW traded up $0.16 during mid-day trading on Friday, reaching $199.21. 1,204,792 shares of the company’s stock were exchanged, compared to its average volume of 3,024,749. The stock has a market capitalization of $123.65 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. The business’s fifty day simple moving average is $206.05 and its 200-day simple moving average is $201.40. Lowe’s Companies, Inc. has a 52-week low of $170.12 and a 52-week high of $238.37.

Lowe’s Companies (NYSE:LOW – Get Rating) last announced its earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.07. The business had revenue of $22.40 billion for the quarter, compared to analyst estimates of $22.71 billion. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Equities research analysts predict that Lowe’s Companies, Inc. will post 13.87 earnings per share for the current year.

Insider Transactions at Lowe’s Companies

In other news, EVP Ross W. Mccanless sold 57,629 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total transaction of $12,179,889.15. Following the transaction, the executive vice president now directly owns 26,923 shares in the company, valued at $5,690,176.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Roth Capital reissued a “neutral” rating on shares of Lowe’s Companies in a report on Wednesday, March 1st. Truist Financial decreased their target price on shares of Lowe’s Companies from $258.00 to $235.00 in a research report on Thursday, March 2nd. Piper Sandler upped their target price on shares of Lowe’s Companies from $248.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, November 17th. Oppenheimer decreased their target price on shares of Lowe’s Companies from $300.00 to $275.00 in a research report on Tuesday, February 28th. Finally, Loop Capital decreased their target price on shares of Lowe’s Companies from $210.00 to $200.00 in a research report on Friday, December 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Hold” and a consensus price target of $224.81.

About Lowe’s Companies

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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