Great Lakes Advisors LLC Buys 7,187 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Great Lakes Advisors LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% during the 4th quarter, HoldingsChannel reports. The firm owned 472,838 shares of the home improvement retailer’s stock after acquiring an additional 7,187 shares during the period. Lowe’s Companies comprises 1.0% of Great Lakes Advisors LLC’s investment portfolio, making the stock its 24th largest position. Great Lakes Advisors LLC’s holdings in Lowe’s Companies were worth $116,696,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the 3rd quarter worth approximately $27,000. IFS Advisors LLC bought a new stake in Lowe’s Companies during the 4th quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the 4th quarter worth approximately $31,000. Winch Advisory Services LLC grew its holdings 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 bought a new stake in Lowe’s Companies during the 4th quarter worth approximately $45,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein upped their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Truist Financial reduced their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Mizuho reduced their target price 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, Piper Sandler reduced their target price on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Trading Down 4.1 %

Shares of Lowe’s Companies stock opened at $232.48 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The company has a market cap of $131.27 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.96 and a beta of 1.12. The company’s 50-day moving average price is $251.52 and its 200-day moving average price is $259.14.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, sell-side analysts predict 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.