Meriwether Wealth & Planning LLC Purchases Shares of 4,018 Lowe’s Companies, Inc. (NYSE:LOW)

Meriwether Wealth & Planning LLC bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,018 shares of the home improvement retailer’s stock, valued at approximately $992,000.

A number of other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the third quarter valued at $27,000. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth about $25,000. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at about $31,000. Winch Advisory Services LLC lifted its holdings 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 acquiring an additional 44 shares during the last quarter. Finally, Financial Life Planners acquired a new stake in Lowe’s Companies during the 4th quarter worth about $45,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LOW has been the topic of a number of research reports. Truist Financial dropped their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Sanford C. Bernstein upped their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Bank of America reduced their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Royal Bank of Canada reduced 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 report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $242.84 on Monday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The firm has a market cap of $137.12 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.12. The business’s fifty day moving average is $251.90 and its 200 day moving average is $259.25.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data 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 negative return on equity of 47.55% and a net margin of 8.19%. The firm had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal 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.