VSM Wealth Advisory LLC Acquires New Position in Lowe’s Companies, Inc. (NYSE:LOW)

VSM Wealth Advisory LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, Holdings Channel reports. The firm acquired 638 shares of the home improvement retailer’s stock, valued at approximately $157,000.

Other institutional investors have also recently made changes to their positions in the company. United Bank grew its holdings in 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. Baron Wealth Management LLC grew its holdings in Lowe’s Companies by 10.7% during the 3rd quarter. Baron Wealth Management LLC now owns 3,403 shares of the home improvement retailer’s stock worth $922,000 after acquiring an additional 329 shares in the last quarter. Caprock Group LLC grew its holdings in Lowe’s Companies by 2.5% during the 3rd quarter. Caprock Group LLC now owns 15,427 shares of the home improvement retailer’s stock worth $4,178,000 after acquiring an additional 383 shares in the last quarter. Knuff & Co LLC grew its holdings in Lowe’s Companies by 5.9% during the 3rd quarter. Knuff & Co LLC now owns 1,005 shares of the home improvement retailer’s stock worth $272,000 after acquiring an additional 56 shares in the last quarter. Finally, OneAscent Financial Services LLC acquired a new position in Lowe’s Companies during the 3rd quarter worth approximately $994,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

LOW has been the subject of several analyst reports. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Piper Sandler lowered their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Truist Financial lowered their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” 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 assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $222.96 on Wednesday. The company has a market cap of $125.89 billion, a P/E ratio of 18.60, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The firm has a fifty day moving average of $249.24 and a two-hundred day moving average of $258.30.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current 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.