Paragon Private Wealth Management LLC Purchases 514 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Paragon Private Wealth Management LLC boosted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,232 shares of the home improvement retailer’s stock after acquiring an additional 514 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,538,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $314,435,000. Strategic Financial Concepts LLC boosted its holdings in shares of Lowe’s Companies by 24,531.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after purchasing an additional 1,223,116 shares during the period. Amundi boosted its holdings in shares of Lowe’s Companies by 60.1% in the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock valued at $642,730,000 after purchasing an additional 976,823 shares during the period. Finally, Proficio Capital Partners LLC boosted its holdings in shares of Lowe’s Companies by 42,529.8% in the fourth quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock valued at $208,843,000 after purchasing an additional 844,217 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

LOW stock opened at $242.84 on Monday. The business’s 50-day simple moving average is $251.90 and its 200 day simple moving average is $259.25. The company has a market cap of $137.12 billion, a PE ratio of 20.25, a price-to-earnings-growth 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.

Lowe’s Companies (NYSE:LOW) last announced 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 for the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Wedbush reiterated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Royal Bank of Canada cut their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Finally, BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.83.

About Lowe’s Companies

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.