Bryn Mawr Capital Management LLC Trims Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Bryn Mawr Capital Management LLC reduced its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 4.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,185 shares of the home improvement retailer’s stock after selling 1,120 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Lowe’s Companies were worth $5,722,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. StoneX Group Inc. purchased a new stake in Lowe’s Companies in the 3rd quarter worth approximately $2,713,000. Principal Financial Group Inc. boosted its holdings in shares of Lowe’s Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after purchasing an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of Lowe’s Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after purchasing an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Lowe’s Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after purchasing an additional 4,435 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in Lowe’s Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after buying an additional 501 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $242.33 on Wednesday. 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 capitalization of $136.83 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The firm’s fifty day moving average price is $252.53 and its 200 day moving average price is $258.94.

Analysts Set New Price Targets

Several analysts have commented on the company. Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Royal Bank of Canada upped their price target on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Evercore ISI boosted their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Finally, Barclays upped their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

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.