Synergy Investment Management LLC Purchases New Position in Lowe’s Companies, Inc. (NYSE:LOW)

Synergy Investment Management LLC purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 440 shares of the home improvement retailer’s stock, valued at approximately $108,000.

Several other large investors have also recently added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the third quarter valued at about $27,000. Winch Advisory Services LLC grew its stake in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares in the last quarter. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $31,000. Finally, JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on LOW shares. Sanford C. Bernstein raised their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Royal Bank of Canada lowered their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Evercore ISI lifted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Down 2.6 %

Shares of NYSE LOW opened at $239.71 on Wednesday. The firm’s 50-day moving average price is $252.28 and its two-hundred day moving average price is $259.23. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock has a market capitalization of $135.35 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results 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 company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations 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 expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.