Cushing Capital Partners LLC purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,936 shares of the home improvement retailer's stock, valued at approximately $725,000.
Other hedge funds have also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in shares of Lowe's Companies during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies during the 3rd quarter worth $27,000. Winch Advisory Services LLC lifted its holdings 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 worth $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at $31,000. Finally, Financial Life Planners acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at $45,000. Institutional investors own 74.06% of the company's stock.
Lowe's Companies Stock Down 2.0 %
LOW traded down $4.56 during trading on Wednesday, hitting $228.11. The company had a trading volume of 1,670,392 shares, compared to its average volume of 2,283,211. The firm's 50-day moving average price is $251.52 and its 200 day moving average price is $259.14. The company has a market capitalization of $128.80 billion, a PE ratio of 19.10, a PEG ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.
Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping 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 company had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Sell-side analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Royal Bank of Canada decreased their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Mizuho reduced their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Sanford C. Bernstein boosted their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Evercore ISI raised their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Finally, Barclays upped their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $280.83.
View Our Latest Stock Report on Lowe's Companies
Lowe's Companies Company Profile
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Free Report)
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.
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