Envestnet Portfolio Solutions Inc. Buys 147 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Envestnet Portfolio Solutions Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,121 shares of the home improvement retailer’s stock after purchasing an additional 147 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Lowe’s Companies were worth $14,098,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in LOW. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC raised 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 during the last quarter. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth about $31,000. Finally, Financial Life Planners purchased a new stake in Lowe’s Companies in the fourth quarter valued at approximately $45,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Guggenheim reissued a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Royal Bank of Canada decreased their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Evercore ISI upped their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Sanford C. Bernstein raised their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $224.64 on Monday. The firm’s 50-day moving average is $250.18 and its two-hundred day moving average is $258.63. The company has a market capitalization of $126.84 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last released 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 company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

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.