World Equity Group Inc. Takes Position in Lowe's Companies, Inc. (NYSE:LOW)

World Equity Group Inc. bought a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,208 shares of the home improvement retailer's stock, valued at approximately $298,000.

Other hedge funds have also modified their holdings of the company. IFS Advisors LLC acquired a new stake in Lowe's Companies during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies in the 3rd quarter valued at $27,000. Winch Advisory Services LLC grew its position in Lowe's Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new position in Lowe's Companies in the 4th quarter valued at $31,000. Finally, JNBA Financial Advisors grew its position in Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on LOW shares. Wedbush restated a "neutral" rating and set a $250.00 target price on shares of Lowe's Companies in a report on Thursday, December 12th. Barclays lifted their price target on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on shares of Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. 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. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe's Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.

Lowe's Companies Stock Up 2.7 %

Shares of LOW stock traded up $6.55 on Wednesday, hitting $248.94. The stock had a trading volume of 2,835,836 shares, compared to its average volume of 2,334,814. The business has a 50 day moving average price of $252.53 and a 200 day moving average price of $258.94. The company has a market cap of $140.57 billion, a PE ratio of 20.68, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate 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%. Equities research analysts expect that Lowe's Companies, Inc. will post 11.9 EPS 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.