Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Lifted by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,654 shares of the home improvement retailer’s stock after buying an additional 60 shares during the quarter. Lowe’s Companies makes up approximately 1.7% of Brown Miller Wealth Management LLC’s holdings, making the stock its 9th largest holding. Brown Miller Wealth Management LLC’s holdings in Lowe’s Companies were worth $4,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. United Bank boosted its stake in shares of Lowe’s Companies by 1.4% during the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after acquiring an additional 137 shares in the last quarter. Harbour Investments Inc. boosted its stake in Lowe’s Companies by 1.6% during the 3rd quarter. Harbour Investments Inc. now owns 8,178 shares of the home improvement retailer’s stock valued at $2,215,000 after purchasing an additional 129 shares during the period. Pinnacle Financial Partners Inc boosted its stake in Lowe’s Companies by 2.2% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 17,967 shares of the home improvement retailer’s stock valued at $4,866,000 after purchasing an additional 384 shares during the period. Bell Bank boosted its stake in Lowe’s Companies by 1.2% during the 3rd quarter. Bell Bank now owns 4,921 shares of the home improvement retailer’s stock valued at $1,333,000 after purchasing an additional 60 shares during the period. Finally, Summit Asset Management LLC bought a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $205,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on LOW shares. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Sanford C. Bernstein upped their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. Finally, Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. One investment 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. Based on data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Performance

Shares of LOW opened at $222.47 on Friday. The firm has a market capitalization of $125.62 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.96 and a beta of 1.12. The business’s fifty day moving average price is $250.66 and its two-hundred day moving average price is $258.67. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results 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. 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 for the quarter, compared to analyst estimates of $18.29 billion. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.