Frank Rimerman Advisors LLC Purchases 87 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Frank Rimerman Advisors LLC raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,100 shares of the home improvement retailer’s stock after purchasing an additional 87 shares during the period. Frank Rimerman Advisors LLC’s holdings in Lowe’s Companies were worth $1,505,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LOW. IFS Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth $27,000. Winch Advisory Services LLC increased its holdings 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 in the last quarter. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies in the 4th quarter valued at $31,000. Finally, Financial Life Planners acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at $45,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of a number of recent research reports. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. Stifel Nicolaus upped their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Barclays upped their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. One investment 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 data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Trading Up 0.9 %

Shares of NYSE:LOW opened at $224.64 on Friday. The stock’s fifty day simple moving average is $250.18 and its two-hundred day simple moving average is $258.56. The stock has a market cap of $126.84 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

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