Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by First American Bank

First American Bank reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 63,231 shares of the home improvement retailer’s stock after selling 141 shares during the quarter. Lowe’s Companies accounts for approximately 1.1% of First American Bank’s investment portfolio, making the stock its 25th biggest holding. First American Bank’s holdings in Lowe’s Companies were worth $15,605,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC grew its stake in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after buying an additional 1,223,116 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Lowe’s Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock valued at $208,843,000 after buying an additional 844,217 shares during the period. Applied Finance Capital Management LLC boosted its stake in shares of Lowe’s Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer’s stock worth $219,761,000 after buying an additional 645,017 shares during the last quarter. Finally, State Street Corp grew its holdings in Lowe’s Companies by 1.9% during the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after acquiring an additional 460,851 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Bank of America dropped their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday. Finally, Mizuho lowered their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Trading Down 0.5 %

LOW stock opened at $245.87 on Friday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market cap of $138.83 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.96 and a beta of 1.11. The firm has a 50-day moving average of $252.50 and a two-hundred day moving average of $258.77.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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. 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 analyst estimates of $18.29 billion. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies 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.