Fjell Capital LLC Invests $492,000 in Lowe's Companies, Inc. (NYSE:LOW)

Fjell Capital LLC acquired a new position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,995 shares of the home improvement retailer's stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisor OS LLC lifted its holdings in Lowe's Companies by 14.4% during the fourth quarter. Advisor OS LLC now owns 1,323 shares of the home improvement retailer's stock worth $326,000 after buying an additional 167 shares during the period. DMKC Advisory Services LLC purchased a new stake in Lowe's Companies during the fourth quarter worth $1,895,000. Kirtland Hills Capital Management LLC lifted its holdings in Lowe's Companies by 0.6% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 9,469 shares of the home improvement retailer's stock worth $2,337,000 after buying an additional 57 shares during the period. FFT Wealth Management LLC lifted its holdings in Lowe's Companies by 3.1% during the fourth quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer's stock worth $340,000 after buying an additional 42 shares during the period. Finally, Delta Financial Advisors LLC lifted its holdings in Lowe's Companies by 0.4% during the fourth quarter. Delta Financial Advisors LLC now owns 13,202 shares of the home improvement retailer's stock worth $3,258,000 after buying an additional 59 shares during the period. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Evercore ISI increased their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday, December 12th. Barclays raised their target price on 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. Sanford C. Bernstein lifted their price objective on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Wells Fargo & Company lifted their price target on shares of Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $282.96.

Lowe's Companies Stock Performance

Shares of NYSE LOW traded up $4.77 during midday trading on Wednesday, hitting $247.16. The company's stock had a trading volume of 4,663,678 shares, compared to its average volume of 2,386,277. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm's fifty day moving average price is $252.53 and its 200-day moving average price is $258.94. The firm has a market cap of $139.56 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.96 and a beta of 1.11.

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, beating 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, research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share 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.