Lbp Am Sa Buys New Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Lbp Am Sa bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,191 shares of the home improvement retailer’s stock, valued at approximately $3,502,000.

A number of other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Finally, Financial Life Planners acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of several research analyst reports. Barclays upped their target price on 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Stifel Nicolaus upped their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Trading Up 0.9 %

NYSE LOW opened at $224.64 on Friday. The stock has a market cap of $126.84 billion, a PE ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock has a fifty day simple moving average of $250.18 and a 200-day simple moving average of $258.56.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts predict 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.