Sabal Trust CO grew its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,160 shares of the home improvement retailer's stock after acquiring an additional 2,028 shares during the period. Sabal Trust CO's holdings in Lowe's Companies were worth $2,507,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. AMF Tjanstepension AB grew its stake in Lowe's Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock valued at $43,290,000 after acquiring an additional 20,123 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Lowe's Companies by 5.4% during the third quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer's stock valued at $2,060,000 after acquiring an additional 389 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Lowe's Companies by 2.0% during the third quarter. Nisa Investment Advisors LLC now owns 217,811 shares of the home improvement retailer's stock valued at $58,994,000 after acquiring an additional 4,308 shares in the last quarter. Hunter Associates Investment Management LLC purchased a new position in Lowe's Companies during the third quarter valued at $241,000. Finally, SFE Investment Counsel grew its stake in Lowe's Companies by 1.0% during the third quarter. SFE Investment Counsel now owns 49,018 shares of the home improvement retailer's stock valued at $13,277,000 after acquiring an additional 507 shares in the last quarter. Institutional investors own 74.06% of the company's stock.
Lowe's Companies Stock Performance
Lowe's Companies stock traded up $4.77 during mid-day trading on Wednesday, reaching $247.16. 4,663,678 shares of the company were exchanged, compared to its average volume of 2,386,277. The business has a fifty day moving average of $252.53 and a 200 day moving average of $258.94. The firm has a market cap of $139.56 billion, a P/E ratio of 20.61, a PEG ratio of 1.96 and a beta of 1.11. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.
Lowe's Companies (NYSE:LOW - Get Free Report) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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%. Sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently weighed in on LOW. DA Davidson raised 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 note on Wednesday, November 20th. Barclays increased their price objective on shares of Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 20th. Mizuho increased their price objective on shares of Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Evercore ISI increased their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus increased their price objective on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Lowe's Companies currently has an average rating of "Moderate Buy" and a consensus target price of $282.96.
Read Our Latest Stock Analysis on Lowe's Companies
About Lowe's Companies
(
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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