Heritage Oak Wealth Advisors LLC Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Heritage Oak Wealth Advisors LLC increased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 20.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,351 shares of the home improvement retailer’s stock after purchasing an additional 227 shares during the period. Heritage Oak Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LOW. Klingenstein Fields & Co. LP increased its stake in shares of Lowe’s Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after acquiring an additional 39 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its position in Lowe’s Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock valued at $2,021,000 after buying an additional 40 shares in the last quarter. Saxony Capital Management LLC raised its stake in Lowe’s Companies by 4.2% during the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 40 shares during the last quarter. Powers Advisory Group LLC boosted its holdings in Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after acquiring an additional 40 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in shares of Lowe’s Companies by 1.6% in the third quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock worth $703,000 after acquiring an additional 41 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LOW. Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Mizuho lifted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Sanford C. Bernstein boosted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Finally, Truist Financial increased their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Stock Up 2.0 %

LOW stock opened at $247.16 on Thursday. The firm has a market cap of $139.56 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The business’s fifty day simple moving average is $252.48 and its two-hundred day simple moving average is $258.86.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current 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.