Callan Family Office LLC Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Callan Family Office LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 1,108.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,321 shares of the home improvement retailer’s stock after purchasing an additional 26,894 shares during the period. Callan Family Office LLC’s holdings in Lowe’s Companies were worth $7,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. Catalyst Capital Advisors LLC acquired a new stake in shares of Lowe’s Companies in the 3rd quarter valued at about $103,000. Maia Wealth LLC increased its holdings in Lowe’s Companies by 3.0% in the third quarter. Maia Wealth LLC now owns 2,161 shares of the home improvement retailer’s stock valued at $586,000 after buying an additional 63 shares during the last quarter. JNBA Financial Advisors raised its stake in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. D.B. Root & Company LLC bought a new position in Lowe’s Companies during the 3rd quarter worth approximately $210,000. Finally, Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $661,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $243.50 on Friday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The firm has a market capitalization of $137.49 billion, a PE ratio of 20.31, a PEG ratio of 1.96 and a beta of 1.11. The business’s 50-day simple moving average is $252.01 and its 200-day simple moving average is $259.01.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial dropped their price target 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. Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a 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 report on Thursday, December 12th. Finally, Evercore ISI increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

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.