Hopwood Financial Services Inc. Invests $1.09 Million in Lowe's Companies, Inc. (NYSE:LOW)

Hopwood Financial Services Inc. bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,397 shares of the home improvement retailer's stock, valued at approximately $1,085,000. Lowe's Companies comprises 0.8% of Hopwood Financial Services Inc.'s portfolio, making the stock its 24th largest position.

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

Analyst Ratings Changes

LOW has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Mizuho cut their price target on 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. Royal Bank of Canada cut their target price on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Barclays raised 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. Finally, StockNews.com cut Lowe's Companies from a "buy" rating to a "hold" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $280.83.

Remove Ads

Lowe's Companies Stock Down 4.1 %

NYSE LOW opened at $232.48 on Wednesday. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The business's 50-day moving average price is $251.52 and its 200 day moving average price is $259.14. The firm has a market cap of $131.27 billion, a P/E ratio of 19.39, a P/E/G ratio of 1.96 and a beta of 1.12.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.