Lowe’s Companies, Inc. (NYSE:LOW) Holdings Cut by Isthmus Partners LLC

Isthmus Partners LLC trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,790 shares of the home improvement retailer’s stock after selling 142 shares during the quarter. Isthmus Partners LLC’s holdings in Lowe’s Companies were worth $11,795,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. IFS Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the 3rd quarter valued at about $27,000. Winch Advisory Services LLC raised its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $31,000. Finally, Financial Life Planners bought a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $45,000. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Down 0.3 %

Shares of LOW opened at $242.84 on Monday. The firm has a market cap of $137.12 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company’s fifty day moving average is $251.90 and its 200-day moving average is $259.25. 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 posted 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 firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LOW shares. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. Bank of America dropped their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada decreased their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Stifel Nicolaus lifted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One 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 has an average rating of “Moderate Buy” and a consensus price target 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.