Lowe’s Companies, Inc. (NYSE:LOW) Position Reduced by Cypress Capital Group

Cypress Capital Group reduced its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 7.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,298 shares of the home improvement retailer’s stock after selling 1,791 shares during the quarter. Cypress Capital Group’s holdings in Lowe’s Companies were worth $5,503,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LOW. FMR LLC lifted its position in shares of Lowe’s Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock worth $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. Strategic Financial Concepts LLC lifted its position in shares of Lowe’s Companies by 24,531.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock worth $303,096,000 after buying an additional 1,223,116 shares during the last quarter. Proficio Capital Partners LLC lifted its position 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 worth $208,843,000 after buying an additional 844,217 shares during the last quarter. Applied Finance Capital Management LLC lifted its position in shares of Lowe’s Companies by 387.7% in the 3rd 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 lifted its position in shares of Lowe’s Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after buying an additional 460,851 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Barclays increased their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial dropped their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Price Performance

Shares of LOW opened at $239.71 on Wednesday. The firm’s 50 day moving average is $252.28 and its 200-day moving average is $259.23. The stock has a market capitalization of $135.35 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Company 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.