Daiwa Securities Group Inc. Purchases 3,975 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Daiwa Securities Group Inc. grew its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,895 shares of the home improvement retailer's stock after buying an additional 3,975 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Lowe's Companies were worth $18,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of LOW. Moran Wealth Management LLC purchased a new position in shares of Lowe's Companies during the fourth quarter valued at about $11,779,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Lowe's Companies by 74.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 237,029 shares of the home improvement retailer's stock worth $58,499,000 after purchasing an additional 100,836 shares during the last quarter. Enterprise Financial Services Corp increased its position in shares of Lowe's Companies by 12.0% during the fourth quarter. Enterprise Financial Services Corp now owns 4,250 shares of the home improvement retailer's stock worth $1,049,000 after acquiring an additional 455 shares during the period. AlphaQuest LLC increased its position in shares of Lowe's Companies by 1,274.0% during the fourth quarter. AlphaQuest LLC now owns 7,337 shares of the home improvement retailer's stock worth $1,811,000 after acquiring an additional 6,803 shares during the period. Finally, Argentarii LLC purchased a new position in Lowe's Companies during the fourth quarter valued at approximately $245,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

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Lowe's Companies Price Performance

Shares of LOW stock traded down $3.46 on Wednesday, hitting $229.21. 1,400,691 shares of the company's stock were exchanged, compared to its average volume of 2,281,982. 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 $129.42 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company has a 50 day moving average of $251.52 and a 200 day moving average of $259.14.

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 (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 during the quarter, compared to the consensus estimate of $18.29 billion. Sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush reaffirmed a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Sanford C. Bernstein boosted their price target on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Royal Bank of Canada dropped their target price on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Barclays upped their price target on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Finally, Evercore ISI upped their price target on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $280.83.

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.