Miller Financial Services LLC bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,069 shares of the home improvement retailer's stock, valued at approximately $511,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in LOW. IFS Advisors LLC acquired a new position in Lowe's Companies during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies in the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC grew its holdings in shares of Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new position in Lowe's Companies during the 4th quarter worth approximately $31,000. Finally, Financial Life Planners bought a new position in Lowe's Companies in the 4th quarter valued at approximately $45,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Lowe's Companies Trading Down 1.4 %
Shares of LOW traded down $3.25 during trading hours on Wednesday, reaching $229.42. The stock had a trading volume of 1,567,959 shares, compared to its average volume of 2,282,763. The firm has a 50-day simple moving average of $251.52 and a 200 day simple moving average of $259.14. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market capitalization of $129.54 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.96 and a beta of 1.12.
Lowe's Companies (NYSE:LOW - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, equities analysts forecast that Lowe's Companies, Inc. will post 11.9 EPS for the current year.
Analyst Upgrades and Downgrades
LOW has been the subject of several research analyst reports. Guggenheim reiterated a "buy" rating and set a $300.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Piper Sandler dropped their target price on Lowe's Companies from $307.00 to $296.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Wedbush restated a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Mizuho lowered their price objective 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. Finally, Evercore ISI lifted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $280.83.
Check Out Our Latest Analysis on LOW
Lowe's Companies 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.
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