Parallel Advisors LLC Purchases 184 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Parallel Advisors LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,606 shares of the home improvement retailer’s stock after buying an additional 184 shares during the period. Parallel Advisors LLC’s holdings in Lowe’s Companies were worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC lifted its position in shares of Lowe’s Companies by 56.4% during the 4th 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 bought a new stake in shares of Lowe’s Companies during the 4th quarter valued at $31,000. Finally, Financial Life Planners bought a new stake in shares of Lowe’s Companies during the 4th quarter worth $45,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the subject of several recent analyst reports. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada lowered their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Trading Down 1.3 %

Shares of LOW stock opened at $222.96 on Wednesday. The stock has a 50-day moving average of $249.24 and a 200-day moving average of $258.30. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The stock has a market cap of $125.89 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last released 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. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current 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.