Arkadios Wealth Advisors Has $995,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Arkadios Wealth Advisors increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 52.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,995 shares of the home improvement retailer’s stock after acquiring an additional 1,727 shares during the quarter. Arkadios Wealth Advisors’ holdings in Lowe’s Companies were worth $995,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Standard Family Office LLC acquired a new stake in shares of Lowe’s Companies during the third quarter valued at approximately $26,000. Legend Financial Advisors Inc. acquired a new position in Lowe’s Companies in the 3rd quarter valued at approximately $26,000. Northwest Investment Counselors LLC increased its stake in Lowe’s Companies by 56.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 142 shares of the home improvement retailer’s stock valued at $27,000 after buying an additional 51 shares during the period. Blume Capital Management Inc. increased its stake in Lowe’s Companies by 70.6% in the 3rd quarter. Blume Capital Management Inc. now owns 145 shares of the home improvement retailer’s stock valued at $27,000 after buying an additional 60 shares during the period. Finally, Transamerica Financial Advisors Inc. acquired a new position in Lowe’s Companies in the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 72.62% of the company’s stock.

Insider Activity at Lowe’s Companies

In related news, EVP Donald Frieson sold 9,411 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $197.00, for a total transaction of $1,853,967.00. Following the completion of the transaction, the executive vice president now directly owns 17,888 shares in the company, valued at approximately $3,523,936. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of several research reports. Roth Capital reiterated a “neutral” rating on shares of Lowe’s Companies in a research note on Wednesday, March 1st. The Goldman Sachs Group upped their price objective on shares of Lowe’s Companies from $241.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, December 7th. Truist Financial dropped their price objective on shares of Lowe’s Companies from $258.00 to $235.00 in a research note on Thursday, March 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $235.00 price objective on shares of Lowe’s Companies in a research note on Monday, February 13th. Finally, Robert W. Baird decreased their target price on shares of Lowe’s Companies from $250.00 to $235.00 in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Hold” and a consensus target price of $224.81.

Lowe’s Companies Trading Down 1.2 %

NYSE LOW opened at $197.36 on Friday. The company has a market cap of $122.50 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.10 and a beta of 1.10. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $238.37. The company has a fifty day simple moving average of $205.77 and a 200 day simple moving average of $201.06.

Lowe’s Companies (NYSE:LOW – Get Rating) last released its earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 EPS for the quarter, beating the consensus estimate of $2.21 by $0.07. The firm had revenue of $22.40 billion during the quarter, compared to analysts’ expectations of $22.71 billion. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 EPS. Equities research analysts forecast that Lowe’s Companies, Inc. will post 13.83 EPS for the current fiscal year.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.