Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 448,946 shares of the home improvement retailer’s stock after selling 14,593 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Lowe’s Companies were worth $110,923,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Klingenstein Fields & Co. LP grew its stake in shares of Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after buying an additional 39 shares in the last quarter. Powers Advisory Group LLC grew its position in Lowe’s Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after acquiring an additional 40 shares in the last quarter. Saxony Capital Management LLC grew its position in Lowe’s Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after acquiring an additional 40 shares in the last quarter. Cordatus Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 0.3% in the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after purchasing an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc grew its holdings in shares of Lowe’s Companies by 1.5% in the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW stock opened at $225.85 on Tuesday. The company has a fifty day moving average price of $249.71 and a 200 day moving average price of $258.48. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. 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 (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate 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, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Sanford C. Bernstein boosted their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Truist Financial lowered their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Evercore ISI boosted their price target 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 analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, 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.