Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Claris Advisors LLC MO

Claris Advisors LLC MO grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the home improvement retailer’s stock after purchasing an additional 100 shares during the quarter. Claris Advisors LLC MO’s holdings in Lowe’s Companies were worth $494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter valued at $27,000. Winch Advisory Services LLC grew its position in shares of 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 valued at $30,000 after buying an additional 44 shares during the last quarter. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $31,000. Finally, Financial Life Planners purchased a new position in shares of Lowe’s Companies in the 4th quarter valued at $45,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 0.2 %

Shares of NYSE:LOW opened at $242.07 on Tuesday. The company has a market cap of $136.68 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 1.96 and a beta of 1.12. The firm’s 50-day simple moving average is $251.81 and its 200-day simple moving average is $259.27. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on LOW shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Royal Bank of Canada dropped their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Truist Financial dropped their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Mizuho dropped 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies 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.