Thrivent Financial for Lutherans Decreases Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Thrivent Financial for Lutherans decreased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 448,946 shares of the home improvement retailer’s stock after selling 14,593 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Lowe’s Companies worth $110,923,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC raised its holdings in 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 valued at $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. Finally, Financial Life Planners purchased a new stake in Lowe’s Companies during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LOW. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. 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 research report on Wednesday, December 11th. Bank of America reduced their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada reduced their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays boosted their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Up 0.6 %

Shares of LOW opened at $225.85 on Tuesday. The company has a market cap of $127.53 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a 50 day moving average of $249.71 and a two-hundred day moving average of $258.48.

Lowe’s Companies (NYSE:LOW) last posted 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. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS 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.