5,468 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Bought by AGF Management Ltd.

AGF Management Ltd. acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,468 shares of the home improvement retailer’s stock, valued at approximately $1,350,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Cushing Capital Partners LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at about $725,000. Markel Group Inc. increased its position in Lowe’s Companies by 1.6% during the 4th quarter. Markel Group Inc. now owns 701,480 shares of the home improvement retailer’s stock valued at $173,125,000 after buying an additional 11,000 shares in the last quarter. Founders Financial Alliance LLC increased its position in Lowe’s Companies by 2.1% during the 4th quarter. Founders Financial Alliance LLC now owns 12,032 shares of the home improvement retailer’s stock valued at $2,970,000 after buying an additional 248 shares in the last quarter. Miller Financial Services LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at about $511,000. Finally, Sollinda Capital Management LLC increased its position in Lowe’s Companies by 0.8% during the 4th quarter. Sollinda Capital Management LLC now owns 6,703 shares of the home improvement retailer’s stock valued at $1,654,000 after buying an additional 50 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Truist Financial reduced their target price on 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. Mizuho cut their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Sanford C. Bernstein increased their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Bank of America cut their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Trading Up 0.9 %

Shares of LOW stock opened at $224.64 on Friday. The company has a market capitalization of $126.84 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12. The business’s 50 day moving average is $250.18 and its two-hundred day moving average is $258.49. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company 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, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.