Lindbrook Capital LLC Buys 46 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Lindbrook Capital LLC increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,509 shares of the home improvement retailer’s stock after purchasing an additional 46 shares during the quarter. Lindbrook Capital LLC’s holdings in Lowe’s Companies were worth $1,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LOW. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $27,000. Winch Advisory Services LLC raised its stake in shares of 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 worth $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $31,000. Finally, JNBA Financial Advisors raised its stake in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LOW has been the subject of a number of recent research reports. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Royal Bank of Canada lowered their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Evercore ISI upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Finally, 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 research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Trading Up 1.2 %

Shares of LOW opened at $242.82 on Thursday. The stock has a market capitalization of $137.11 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.96 and a beta of 1.11. The firm has a fifty day simple moving average of $252.13 and a 200 day simple moving average of $259.12. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 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 analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.