Lifeworks Advisors LLC Buys 134 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Lifeworks Advisors LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,888 shares of the home improvement retailer’s stock after acquiring an additional 134 shares during the period. Lifeworks Advisors LLC’s holdings in Lowe’s Companies were worth $466,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the 3rd quarter valued at about $27,000. Winch Advisory Services LLC raised its position 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 worth $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC bought a new stake in Lowe’s Companies in the fourth quarter worth about $31,000. Finally, Financial Life Planners purchased a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Truist Financial cut their price target on shares of 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 boosted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Mizuho reduced their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Finally, DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the stock. According to 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 Stock Down 0.3 %

Shares of LOW opened at $242.84 on Friday. The company has a 50 day moving average of $251.90 and a two-hundred day moving average of $259.14. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market cap of $137.12 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $18.29 billion. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current 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.