Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,181 shares of the home improvement retailer’s stock after buying an additional 3,315 shares during the period. Sequoia Financial Advisors LLC’s holdings in Lowe’s Companies were worth $9,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies during the third quarter valued at $27,000. IFS Advisors LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at $31,000. Winch Advisory Services LLC lifted its position 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 valued at $30,000 after purchasing an additional 44 shares during the period. Finally, Financial Life Planners acquired a new position in Lowe’s Companies during the fourth quarter valued at $45,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LOW. Evercore ISI boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Barclays lifted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Bank of America cut their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Trading Down 1.9 %

LOW opened at $228.20 on Thursday. The firm has a market capitalization of $128.86 billion, a PE ratio of 19.03, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The firm’s 50-day moving average price is $251.15 and its 200 day moving average price is $258.93.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates 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%. As a group, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.