DMKC Advisory Services LLC Purchases New Shares in Lowe's Companies, Inc. (NYSE:LOW)

DMKC Advisory Services LLC purchased a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,680 shares of the home improvement retailer's stock, valued at approximately $1,895,000. Lowe's Companies makes up about 1.7% of DMKC Advisory Services LLC's holdings, making the stock its 25th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB raised its stake in Lowe's Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock worth $43,290,000 after purchasing an additional 20,123 shares during the period. J.W. Cole Advisors Inc. raised its stake in Lowe's Companies by 5.4% during the third quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer's stock worth $2,060,000 after purchasing an additional 389 shares during the period. Nisa Investment Advisors LLC raised its stake in Lowe's Companies by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 217,811 shares of the home improvement retailer's stock worth $58,994,000 after purchasing an additional 4,308 shares during the period. Hunter Associates Investment Management LLC purchased a new position in Lowe's Companies during the third quarter worth about $241,000. Finally, SFE Investment Counsel raised its stake in Lowe's Companies by 1.0% during the third quarter. SFE Investment Counsel now owns 49,018 shares of the home improvement retailer's stock worth $13,277,000 after purchasing an additional 507 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on LOW shares. Mizuho lifted their target price on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Sanford C. Bernstein lifted their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Barclays lifted their price target 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. Finally, Guggenheim reiterated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a research report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $282.96.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded up $4.77 during trading on Wednesday, hitting $247.16. 4,663,678 shares of the company were exchanged, compared to its average volume of 2,386,277. The stock has a market capitalization of $139.56 billion, a P/E ratio of 20.61, a PEG ratio of 1.96 and a beta of 1.11. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm's 50 day moving average price is $252.53 and its 200-day moving average price is $258.94.

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, topping the consensus estimate of $1.83 by $0.10. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities research analysts anticipate that Lowe's Companies, Inc. will post 11.9 EPS for the current year.

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.