Lowe's Companies, Inc. (NYSE:LOW) Shares Acquired by AlphaQuest LLC

AlphaQuest LLC grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1,274.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,337 shares of the home improvement retailer's stock after buying an additional 6,803 shares during the quarter. AlphaQuest LLC's holdings in Lowe's Companies were worth $1,811,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Argentarii LLC acquired a new position in Lowe's Companies during the fourth quarter worth $245,000. OFI Invest Asset Management acquired a new position in Lowe's Companies during the fourth quarter worth $64,000. Personal CFO Solutions LLC raised its holdings in Lowe's Companies by 9.3% during the fourth quarter. Personal CFO Solutions LLC now owns 4,867 shares of the home improvement retailer's stock worth $1,201,000 after purchasing an additional 413 shares during the last quarter. Amundi raised its holdings in Lowe's Companies by 60.1% during the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer's stock worth $642,730,000 after purchasing an additional 976,823 shares during the last quarter. Finally, Permanent Capital Management LP acquired a new position in Lowe's Companies during the fourth quarter worth $279,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe's Companies Price Performance

LOW stock traded down $4.47 during trading on Wednesday, reaching $228.20. 2,825,340 shares of the stock traded hands, compared to its average volume of 2,286,947. The business's 50 day moving average price is $251.15 and its 200-day moving average price is $258.93. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The firm has a market capitalization of $128.86 billion, a PE ratio of 19.03, a P/E/G ratio of 1.96 and a beta of 1.12.

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Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on LOW shares. Wedbush reaffirmed a "neutral" rating and set a $250.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Sanford C. Bernstein raised their price target on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Mizuho dropped their price target on 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. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $280.83.

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.