Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Andra AP fonden

Andra AP fonden boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 69.4% in the 4th quarter, Holdings Channel reports. The firm owned 128,200 shares of the home improvement retailer’s stock after buying an additional 52,500 shares during the period. Andra AP fonden’s holdings in Lowe’s Companies were worth $31,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC raised 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 valued at $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors raised its holdings 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 valued at $32,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.2 %

NYSE LOW opened at $243.50 on Friday. The company has a fifty day simple moving average of $252.01 and a 200 day simple moving average of $259.01. The company has a market cap of $137.49 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.96 and a beta of 1.11. 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 quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (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 the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analysts Set New Price Targets

LOW has been the topic of a number of recent analyst reports. Piper Sandler cut their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Truist Financial dropped their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Mizuho dropped their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $280.83.

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.