OFI Invest Asset Management Buys New Position in Lowe’s Companies, Inc. (NYSE:LOW)

OFI Invest Asset Management bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 270 shares of the home improvement retailer’s stock, valued at approximately $64,000.

Other hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the third quarter worth $27,000. IFS Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth $25,000. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. Finally, Financial Life Planners bought a new stake in Lowe’s Companies during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 0.2 %

NYSE LOW opened at $242.07 on Tuesday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The stock has a 50-day moving average of $251.81 and a 200-day moving average of $259.27. The firm has a market cap of $136.68 billion, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Evercore ISI lifted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Royal Bank of Canada dropped their price target on 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. 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. Truist Financial lowered their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Sanford C. Bernstein boosted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Company 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.