Essential Planning LLC. Grows Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Essential Planning LLC. grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 6,144.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,423 shares of the home improvement retailer's stock after acquiring an additional 157,854 shares during the period. Essential Planning LLC.'s holdings in Lowe's Companies were worth $42,923,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IFS Advisors LLC purchased a new position in shares of Lowe's Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe's Companies during the third quarter worth approximately $27,000. Winch Advisory Services LLC lifted its stake in shares of Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new position in shares of Lowe's Companies in the 4th quarter worth approximately $31,000. Finally, Financial Life Planners purchased a new stake in Lowe's Companies during the 4th quarter valued at $45,000. 74.06% of the stock is currently owned by institutional investors.

Lowe's Companies Stock Performance

LOW traded down $5.86 on Thursday, hitting $222.47. The company had a trading volume of 3,192,565 shares, compared to its average volume of 2,290,768. The stock has a market capitalization of $125.62 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.96 and a beta of 1.12. The stock 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.

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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 (EPS) for the quarter, topping analysts' consensus estimates 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%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. Mizuho dropped their price objective on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research note on Wednesday, February 26th. DA Davidson increased their price objective on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Sanford C. Bernstein boosted their target price on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, Piper Sandler reduced their price target on Lowe's Companies from $307.00 to $296.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. One investment 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's stock. Based on data from MarketBeat.com, Lowe's Companies presently has an average rating of "Moderate Buy" and an average price target 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.