Natural Investments LLC Acquires New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Natural Investments LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,907 shares of the home improvement retailer’s stock, valued at approximately $964,000.

Other institutional investors have also made changes to their positions in the company. StoneX Group Inc. bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at approximately $2,713,000. Principal Financial Group Inc. grew its holdings in Lowe’s Companies by 4.0% in the 3rd quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after buying an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in Lowe’s Companies by 288.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after buying an additional 14,132 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Lowe’s Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock valued at $98,104,000 after buying an additional 4,435 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in Lowe’s Companies by 2.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock valued at $4,894,000 after buying an additional 501 shares during the last quarter. 74.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on LOW. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report 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 for the company in a research report on Thursday, February 27th. Stifel Nicolaus lifted 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. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Finally, DA Davidson boosted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Performance

Shares of LOW opened at $232.48 on Wednesday. The firm has a market cap of $131.27 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The business’s 50 day moving average price is $251.52 and its two-hundred day moving average price is $259.14.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $18.29 billion. Research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS 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.