Sequoia Financial Advisors LLC Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Sequoia Financial Advisors LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,181 shares of the home improvement retailer’s stock after purchasing an additional 3,315 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Lowe’s Companies were worth $9,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LOW. United Bank raised its position in Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after purchasing an additional 137 shares during the period. Harbour Investments Inc. raised its position in Lowe’s Companies by 1.6% in the 3rd quarter. Harbour Investments Inc. now owns 8,178 shares of the home improvement retailer’s stock worth $2,215,000 after purchasing an additional 129 shares during the period. Savvy Advisors Inc. purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $558,000. Prime Capital Investment Advisors LLC raised its position in Lowe’s Companies by 2.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 16,894 shares of the home improvement retailer’s stock worth $4,576,000 after purchasing an additional 401 shares during the period. Finally, Victory Capital Management Inc. raised its position in Lowe’s Companies by 10.9% in the 3rd quarter. Victory Capital Management Inc. now owns 536,533 shares of the home improvement retailer’s stock worth $145,320,000 after purchasing an additional 52,856 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Down 1.9 %

Shares of LOW opened at $228.20 on Thursday. The company has a market cap of $128.86 billion, a price-to-earnings ratio of 19.03, 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. The company has a 50 day moving average of $251.15 and a two-hundred day moving average of $258.93.

Lowe’s Companies (NYSE:LOW) last announced 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 company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analysts Set New Price Targets

LOW has been the topic of a number of research reports. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Bank of America reduced their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wedbush reaffirmed a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $280.83.

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.