Sage Mountain Advisors LLC Purchases 73 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sage Mountain Advisors LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,565 shares of the home improvement retailer’s stock after purchasing an additional 73 shares during the period. Sage Mountain Advisors LLC’s holdings in Lowe’s Companies were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Dearborn Partners LLC grew its holdings in shares of Lowe’s Companies by 3.4% during the fourth quarter. Dearborn Partners LLC now owns 6,227 shares of the home improvement retailer’s stock worth $1,537,000 after purchasing an additional 203 shares during the last quarter. Riverbend Wealth Management LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $386,000. Claris Advisors LLC MO lifted its stake in shares of Lowe’s Companies by 5.3% in the fourth quarter. Claris Advisors LLC MO now owns 2,000 shares of the home improvement retailer’s stock worth $494,000 after acquiring an additional 100 shares during the period. Independent Advisor Alliance lifted its stake in shares of Lowe’s Companies by 2.9% in the fourth quarter. Independent Advisor Alliance now owns 55,351 shares of the home improvement retailer’s stock worth $13,661,000 after acquiring an additional 1,585 shares during the period. Finally, Marvin & Palmer Associates Inc. acquired a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $2,902,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on LOW shares. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Royal Bank of Canada cut their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Stifel Nicolaus boosted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Down 0.2 %

Shares of NYSE:LOW 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’s 50 day moving average is $251.81 and its 200-day moving average is $259.27. The firm has a market capitalization of $136.68 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe’s Companies 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.