Oxford Financial Group LTD. LLC Sells 257 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Oxford Financial Group LTD. LLC lessened its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,408 shares of the home improvement retailer’s stock after selling 257 shares during the quarter. Oxford Financial Group LTD. LLC’s holdings in Lowe’s Companies were worth $594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the third quarter worth about $27,000. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $31,000. Winch Advisory Services LLC lifted its holdings in shares of Lowe’s Companies by 56.4% in the fourth 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. Finally, Financial Life Planners purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $45,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LOW. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Piper Sandler lowered their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Truist Financial lowered their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Bank of America lowered their target price on shares of 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $226.17 on Friday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock has a market capitalization of $127.70 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.96 and a beta of 1.12. The company’s 50 day moving average price is $248.40 and its 200-day moving average price is $257.85.

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, beating the consensus estimate 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 net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal 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.