BOK Financial Private Wealth Inc. Sells 564 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

BOK Financial Private Wealth Inc. cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,491 shares of the home improvement retailer’s stock after selling 564 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in Lowe’s Companies were worth $2,342,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the 3rd quarter worth approximately $27,000. IFS Advisors LLC bought a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the 4th quarter worth approximately $31,000. Winch Advisory Services LLC grew its position 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 worth $30,000 after acquiring an additional 44 shares during the last quarter. Finally, Financial Life Planners bought a new position in Lowe’s Companies during the 4th quarter worth approximately $45,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LOW shares. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Piper Sandler reduced their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Royal Bank of Canada reduced their price target on 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. Sanford C. Bernstein lifted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, DA Davidson lifted 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Trading Down 0.3 %

Shares of NYSE:LOW opened at $242.84 on Friday. The stock has a fifty day simple moving average of $251.90 and a two-hundred day simple moving average of $259.14. The stock has a market capitalization of $137.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12. 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 quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The business 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%. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current 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.