Inceptionr LLC Makes New $997,000 Investment in Lowe's Companies, Inc. (NYSE:LOW)

Inceptionr LLC acquired a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,038 shares of the home improvement retailer's stock, valued at approximately $997,000.

Other large investors have also made changes to their positions in the company. StoneX Group Inc. purchased a new stake in shares of Lowe's Companies in the 3rd quarter valued at $2,713,000. Principal Financial Group Inc. boosted its holdings in shares of Lowe's Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after acquiring an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Lowe's Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after acquiring an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Lowe's Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after acquiring an additional 4,435 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after buying an additional 501 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

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Lowe's Companies Stock Performance

Shares of NYSE LOW traded down $0.66 during mid-day trading on Friday, reaching $242.84. The company's stock had a trading volume of 2,570,569 shares, compared to its average volume of 2,282,015. The stock has a 50-day moving average of $251.90 and a two-hundred day moving average of $259.25. The stock has a market capitalization of $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to analysts' expectations of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LOW. Royal Bank of Canada lowered their price target on shares of 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. Truist Financial lowered their price target on shares of Lowe's Companies from $308.00 to $295.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Barclays increased their price target on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, BNP Paribas raised shares of Lowe's Companies to a "strong sell" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average price target of $280.83.

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.