Raymond James Financial Inc. Takes $314.44 Million Position in Lowe's Companies, Inc. (NYSE:LOW)

Raymond James Financial Inc. acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,274,046 shares of the home improvement retailer's stock, valued at approximately $314,435,000. Raymond James Financial Inc. owned 0.23% of Lowe's Companies at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in Lowe's Companies during the 3rd quarter valued at approximately $27,000. IFS Advisors LLC acquired a new stake in Lowe's Companies during the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in Lowe's Companies during the 4th quarter valued at approximately $31,000. JNBA Financial Advisors increased its position in Lowe's Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Winch Advisory Services LLC increased its position in Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Stock Down 0.3 %

NYSE:LOW traded down $0.66 during trading hours on Friday, hitting $242.84. 2,570,569 shares of the company traded hands, compared to its average volume of 2,282,015. The firm's 50-day simple moving average is $251.90 and its 200-day simple moving average is $259.25. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $137.12 billion, a PE ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12.

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Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings data 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. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. As a group, equities research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Mizuho decreased their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Bank of America decreased their target price on shares of Lowe's Companies from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Evercore ISI increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a report on Thursday, December 12th. Wedbush restated a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Finally, Guggenheim restated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $280.83.

Lowe's Companies Company 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.