Enterprise Financial Services Corp Acquires 455 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Enterprise Financial Services Corp grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,250 shares of the home improvement retailer’s stock after purchasing an additional 455 shares during the quarter. Enterprise Financial Services Corp’s holdings in Lowe’s Companies were worth $1,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LOW. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the third quarter valued at about $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter valued at about $31,000. Winch Advisory Services LLC boosted its stake in 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 worth $30,000 after acquiring an additional 44 shares during the last quarter. Finally, Financial Life Planners acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOW. Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Barclays lifted their price target on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $242.84 on Friday. The firm has a market cap of $137.12 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The business has a 50 day moving average price of $251.90 and a 200-day moving average price of $259.14. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results 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. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS 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.