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Hollencrest cuts stake as Lowe's posts quarterly EPS and revenue

Lowe's Companies logoLowe's Companies
Sig1.65Sen+1.25Env0.00Soc0.00Gov-0.70

Hollencrest Capital Management cut its Lowe's position by 98.1%, while IAG Wealth Partners and Swiss Re increased stakes. Lowe's reported quarterly EPS of $4.40, ahead of analysts’ $4.22, with revenue of $25.96 billion versus an estimated $26.13 billion. Insiders sold 25,980 shares worth $5.80 million, alongside lowered price targets by Jefferies and Piper Sandler.

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