Sollinda Capital Management LLC Has $1.65 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Sollinda Capital Management LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,703 shares of the home improvement retailer’s stock after buying an additional 50 shares during the quarter. Lowe’s Companies accounts for about 0.5% of Sollinda Capital Management LLC’s holdings, making the stock its 19th biggest position. Sollinda Capital Management LLC’s holdings in Lowe’s Companies were worth $1,654,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LOW. IFS Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the third quarter worth about $27,000. Winch Advisory Services LLC raised its position in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, Financial Life Planners bought a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $45,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LOW. Royal Bank of Canada decreased their target price on shares of 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. Wedbush reissued a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Mizuho cut their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Down 0.2 %

LOW stock opened at $242.07 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock has a market capitalization of $136.68 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The firm’s fifty day simple moving average is $251.81 and its two-hundred day simple moving average is $259.27.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities research analysts expect 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.