Holderness Investments Co. Has $3.17 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Holderness Investments Co. grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,834 shares of the home improvement retailer’s stock after purchasing an additional 54 shares during the period. Holderness Investments Co.’s holdings in Lowe’s Companies were worth $3,167,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LOW. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter worth $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 purchasing an additional 44 shares during the period. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. Finally, Financial Life Planners acquired a new position in Lowe’s Companies during the fourth quarter worth $45,000. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LOW shares. Truist Financial decreased 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 report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday, February 26th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Mizuho lowered 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 report on Thursday, February 27th. Finally, Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Trading Up 1.1 %

Lowe’s Companies stock opened at $225.47 on Thursday. The firm has a market capitalization of $127.31 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.12. The firm has a 50 day simple moving average of $248.81 and a 200 day simple moving average of $258.07. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (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 for the quarter, compared to analyst estimates of $18.29 billion. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

About Lowe’s Companies

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.