Larson Financial Group LLC Acquires 1,408 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Larson Financial Group LLC boosted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,309 shares of the home improvement retailer's stock after acquiring an additional 1,408 shares during the period. Larson Financial Group LLC's holdings in Lowe's Companies were worth $3,778,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. StoneX Group Inc. bought a new stake in shares of Lowe's Companies during the third quarter valued at approximately $2,713,000. Principal Financial Group Inc. increased its holdings in 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 buying an additional 24,812 shares during the period. Miracle Mile Advisors LLC raised its stake 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 buying an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Lowe's Companies by 1.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock worth $98,104,000 after acquiring an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of Lowe's Companies by 2.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock valued at $4,894,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

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Analyst Ratings Changes

LOW has been the subject of several recent research reports. 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 research report on Wednesday, November 20th. Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Mizuho decreased their price target on Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. Sanford C. Bernstein increased their price objective on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $280.83.

Lowe's Companies Stock Down 0.3 %

Shares of LOW traded down $0.66 during trading hours on Friday, reaching $242.84. The stock had a trading volume of 2,570,569 shares, compared to its average volume of 2,282,015. The company has a market cap 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 52 week low of $211.80 and a 52 week high of $287.01. The firm has a 50-day moving average of $251.90 and a 200 day moving average of $259.25.

Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. As a group, equities analysts expect that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Company 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.