Great Lakes Advisors LLC boosted its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 472,838 shares of the home improvement retailer's stock after purchasing an additional 7,187 shares during the period. Lowe's Companies comprises approximately 1.0% of Great Lakes Advisors LLC's investment portfolio, making the stock its 24th biggest holding. Great Lakes Advisors LLC owned approximately 0.08% of Lowe's Companies worth $116,696,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. purchased a new stake in shares of Lowe's Companies during the fourth quarter worth about $1,085,000. Farther Finance Advisors LLC boosted its holdings in Lowe's Companies by 1.2% in the 4th quarter. Farther Finance Advisors LLC now owns 8,268 shares of the home improvement retailer's stock valued at $2,041,000 after purchasing an additional 102 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Lowe's Companies by 8.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,548 shares of the home improvement retailer's stock worth $1,122,000 after acquiring an additional 366 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Lowe's Companies by 9.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 37,181 shares of the home improvement retailer's stock worth $9,176,000 after acquiring an additional 3,315 shares during the last quarter. Finally, Summit X LLC increased its stake in Lowe's Companies by 8.5% during the 4th quarter. Summit X LLC now owns 1,619 shares of the home improvement retailer's stock worth $399,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 74.06% of the company's stock.
Lowe's Companies Stock Down 4.1 %
Shares of Lowe's Companies stock opened at $232.48 on Wednesday. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock 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. The business's 50 day moving average is $251.52 and its 200-day moving average is $259.14.
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 for the quarter, beating 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 business had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.29 billion. On average, sell-side analysts expect that Lowe's Companies, Inc. will post 11.9 EPS for the current year.
Analyst Ratings Changes
A number of research firms recently commented on LOW. DA Davidson increased their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research report on Wednesday, November 20th. Mizuho dropped their target price on shares of Lowe's Companies from $305.00 to $300.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. StockNews.com downgraded shares of Lowe's Companies from a "buy" rating to a "hold" rating in a report on Tuesday. Guggenheim reissued a "buy" rating and issued a $300.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein raised their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $280.83.
View Our Latest Report on LOW
Lowe's Companies Company Profile
(
Free Report)
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.
Further Reading
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.
Before you consider Lowe's Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lowe's Companies wasn't on the list.
While Lowe's Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
