Lowe’s Companies, Inc. $LOW Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 49.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,612 shares of the home improvement retailer’s stock after selling 100,227 shares during the quarter. Premier Fund Managers Ltd’s holdings in Lowe’s Companies were worth $25,483,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LOW. Activest Wealth Management grew its position in Lowe’s Companies by 78.5% in the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 51 shares in the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Lowe’s Companies in the second quarter valued at $27,000. Solstein Capital LLC grew its holdings in Lowe’s Companies by 627.8% during the 2nd quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after purchasing an additional 113 shares in the last quarter. Traub Capital Management LLC purchased a new stake in Lowe’s Companies during the 2nd quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC increased its stake in Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 76 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Up 0.8%

Shares of NYSE LOW opened at $280.31 on Friday. The stock’s 50 day moving average price is $264.63 and its two-hundred day moving average price is $253.55. Lowe’s Companies, Inc. has a 52-week low of $206.38 and a 52-week high of $293.06. The stock has a market capitalization of $157.24 billion, a P/E ratio of 23.24, a PEG ratio of 4.37 and a beta of 0.97.

Lowe’s Companies (NYSE:LOWGet Free Report) last issued its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, topping the consensus estimate of $2.97 by $0.09. The company had revenue of $20.81 billion during the quarter, compared to analyst estimates of $20.88 billion. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Insider Buying and Selling

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 18,000 shares of Lowe’s Companies stock in a transaction on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.27% of the stock is currently owned by corporate insiders.

Lowe’s Companies News Summary

Here are the key news stories impacting Lowe’s Companies this week:

Analysts Set New Price Targets

A number of research firms have weighed in on LOW. Telsey Advisory Group reissued an “outperform” rating and issued a $285.00 price objective on shares of Lowe’s Companies in a research report on Wednesday. Bank of America reduced their price target on Lowe’s Companies from $290.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. Jefferies Financial Group upped their target price on Lowe’s Companies from $280.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Robert W. Baird increased their target price on Lowe’s Companies from $290.00 to $320.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Twenty equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $289.41.

Read Our Latest Report on Lowe’s Companies

Lowe’s Companies Company Profile

(Free Report)

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.

See Also

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

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