Alkeon Capital Management Reduces $56M in Lowe's Companies, Inc. ($LOW)
Key Points
- Alkeon Capital Management changed its Lowe's Companies, Inc. ($LOW) stake by 54.4% last quarter, cutting to 213,594 shares worth $47.16 million.
- Wall Street's consensus rating on $LOW is Buy and an average price target of $263.73.
- $LOW last traded around $220.78.
Alkeon Capital Management reduced its position in Lowe's Companies, Inc. ($LOW) by 54.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 213,594 shares of Lowe's Companies, Inc. after selling 255,000 shares during the quarter. Alkeon Capital Management's holdings in Lowe's Companies, Inc. were worth $47.16 million as of its most recent filing.
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About Lowe's Companies, Inc.
Lowe's Companies, Inc., together with its subsidiaries, operates as a home improvement retailer in the United States and Canada. It provides a line of products for construction, maintenance, repair, remodeling, and decorating. The company also offers home improvement products, such as appliances, seasonal and outdoor living, lumber, lawn and garden, kitchens and bath, hardware, building materials, millwork, paint, rough plumbing, tools, electrical, flooring, and décor. In addition, it provides installation services through independent contractors in various product categories; and extended protection plans and repair services. Further, the company provides design, distribution, and installation services for interior surface finishes to home builders and property managers. It sells its national brand-name merchandise and private brand products to professional customers, individual homeowners, and renters. The company serves its products through Lowes.com website, mobile applications, retail home improvement stores and outlet stores, and its branches. Lowe's Companies, Inc. was founded in 1921 and is based in Mooresville, North Carolina.
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