Lowe's Companies, Inc. (NYSE:LOW) Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 742.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 295,900 shares of the home improvement retailer's stock after buying an additional 260,762 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Lowe's Companies worth $73,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. United Bank raised its position in shares of Lowe's Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer's stock worth $2,735,000 after buying an additional 137 shares during the period. Harbour Investments Inc. lifted its stake in shares of Lowe's Companies by 1.6% in the 3rd quarter. Harbour Investments Inc. now owns 8,178 shares of the home improvement retailer's stock valued at $2,215,000 after purchasing an additional 129 shares in the last quarter. Savvy Advisors Inc. acquired a new stake in Lowe's Companies during the 3rd quarter worth approximately $558,000. Prime Capital Investment Advisors LLC increased its position in Lowe's Companies by 2.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 16,894 shares of the home improvement retailer's stock worth $4,576,000 after purchasing an additional 401 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Lowe's Companies by 10.9% in the third quarter. Victory Capital Management Inc. now owns 536,533 shares of the home improvement retailer's stock valued at $145,320,000 after buying an additional 52,856 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.

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Lowe's Companies Trading Down 2.6 %

Lowe's Companies stock traded down $5.86 during midday trading on Thursday, hitting $222.47. The stock had a trading volume of 3,192,565 shares, compared to its average volume of 2,290,768. The business has a fifty day moving average price of $250.66 and a 200 day moving average price of $258.67. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a market cap of $125.62 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.96 and a beta of 1.12.

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

Analysts Set New Price Targets

Several research firms have recently issued reports on LOW. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price objective on shares of Lowe's Companies in a research report on Wednesday, February 26th. Barclays increased their price target on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. DA Davidson raised their price objective 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. BNP Paribas raised Lowe's Companies to a "strong sell" rating in a research report on Thursday, February 27th. Finally, Wedbush reiterated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Lowe's Companies currently has an average rating of "Moderate Buy" and an average target price of $280.83.

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.