Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $1.09 Million Stock Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 23.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,396 shares of the home improvement retailer's stock after selling 1,315 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Lowe's Companies were worth $1,085,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lowe's Companies by 742.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 295,900 shares of the home improvement retailer's stock worth $73,028,000 after purchasing an additional 260,762 shares during the period. Avantax Advisory Services Inc. raised its position in shares of Lowe's Companies by 2.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 43,767 shares of the home improvement retailer's stock worth $10,802,000 after purchasing an additional 1,201 shares during the period. Essential Planning LLC. raised its position in shares of Lowe's Companies by 6,144.6% during the fourth quarter. Essential Planning LLC. now owns 160,423 shares of the home improvement retailer's stock worth $42,923,000 after purchasing an additional 157,854 shares during the period. Great Lakes Advisors LLC raised its position in shares of Lowe's Companies by 1.5% during the fourth quarter. Great Lakes Advisors LLC now owns 472,838 shares of the home improvement retailer's stock worth $116,696,000 after purchasing an additional 7,187 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Lowe's Companies during the fourth quarter worth $1,085,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a report on Wednesday, February 26th. Stifel Nicolaus lifted their price target on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Sanford C. Bernstein lifted their price target on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. DA Davidson lifted their price target on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada lowered their price target on Lowe's Companies from $292.00 to $285.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $280.83.

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Lowe's Companies Stock Performance

Shares of NYSE LOW opened at $228.20 on Thursday. The firm has a market cap of $128.86 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 1.96 and a beta of 1.12. The business's 50-day simple moving average is $251.15 and its 200-day simple moving average is $258.93. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

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 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe's Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, equities research analysts forecast that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies 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.

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