Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Evoke Wealth LLC

Evoke Wealth LLC decreased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,996 shares of the home improvement retailer’s stock after selling 1,358 shares during the period. Evoke Wealth LLC’s holdings in Lowe’s Companies were worth $7,403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC boosted its position in Lowe’s Companies by 56.4% in 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 acquired a new position in shares of Lowe’s Companies in the fourth quarter worth $31,000. Finally, Financial Life Planners purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $45,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LOW has been the subject of a number of recent research reports. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. DA Davidson boosted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Barclays lifted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada dropped their price objective 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. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Trading Up 0.6 %

LOW stock opened at $225.85 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a market cap of $127.53 billion, a P/E ratio of 18.84, a P/E/G ratio of 1.96 and a beta of 1.12. The company’s 50-day moving average price is $249.71 and its 200 day moving average price is $258.48.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results 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 business had revenue of $18.55 billion for 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, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.