Investment House LLC Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Investment House LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,591 shares of the home improvement retailer’s stock after purchasing an additional 127 shares during the period. Lowe’s Companies comprises about 1.1% of Investment House LLC’s investment portfolio, making the stock its 22nd biggest position. Investment House LLC’s holdings in Lowe’s Companies were worth $21,124,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of LOW. IFS Advisors LLC purchased a new position in Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies during the third quarter valued at $27,000. Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% during 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 in the last quarter. Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the fourth quarter valued at $31,000. Finally, Financial Life Planners purchased a new position in Lowe’s Companies during the fourth quarter valued at $45,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $222.96 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The business has a 50 day simple moving average of $249.24 and a two-hundred day simple moving average of $258.30. The firm has a market capitalization of $125.89 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

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, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analyst Ratings Changes

LOW has been the topic of several research analyst reports. DA Davidson boosted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lowered 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 report on Thursday, February 27th. Bank of America lowered their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

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.