Avantax Advisory Services Inc. Boosts Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Avantax Advisory Services Inc. grew its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,767 shares of the home improvement retailer's stock after purchasing an additional 1,201 shares during the period. Avantax Advisory Services Inc.'s holdings in Lowe's Companies were worth $10,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe's Companies during the 3rd quarter worth $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe's Companies in the fourth quarter valued at about $25,000. Marshall Investment Management LLC purchased a new stake in Lowe's Companies during the fourth quarter worth about $31,000. Winch Advisory Services LLC grew its position in Lowe's Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after buying an additional 44 shares during the period. Finally, Financial Life Planners purchased a new position in Lowe's Companies in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on LOW. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research note on Thursday, February 27th. Barclays boosted their target price on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. DA Davidson raised their price target on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Mizuho cut their price objective 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, StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $280.83.

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Lowe's Companies Stock Down 2.6 %

Shares of LOW stock traded down $5.86 during mid-day trading on Thursday, reaching $222.47. The company's stock had a trading volume of 3,192,565 shares, compared to its average volume of 2,290,768. The firm has a market capitalization of $125.62 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company's 50 day simple moving average is $250.66 and its 200-day simple moving average is $258.67. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe's Companies 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.