Kirtland Hills Capital Management LLC Boosts Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Kirtland Hills Capital Management LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,469 shares of the home improvement retailer’s stock after buying an additional 57 shares during the period. Lowe’s Companies accounts for 1.5% of Kirtland Hills Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Kirtland Hills Capital Management LLC’s holdings in Lowe’s Companies were worth $2,337,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LOW. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the 3rd quarter worth about $27,000. Winch Advisory Services LLC lifted its holdings in shares of Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares in the last quarter. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $31,000. Finally, JNBA Financial Advisors lifted its holdings in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 2.2 %

Shares of Lowe’s Companies stock opened at $242.33 on Wednesday. The company’s fifty day simple moving average is $252.53 and its two-hundred day simple moving average is $258.94. The company has a market cap of $136.83 billion, a P/E ratio of 20.21, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LOW shares. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Wedbush reissued a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. DA Davidson lifted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Finally, Mizuho boosted their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $282.96.

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.