Flagship Wealth Advisors LLC Invests $190,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Flagship Wealth Advisors LLC purchased a new position 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 and Exchange Commission (SEC). The firm purchased 770 shares of the home improvement retailer’s stock, valued at approximately $190,000.

Several other large investors have also modified their holdings of LOW. Curio Wealth LLC bought a new position in Lowe’s Companies in the fourth quarter worth about $72,000. Clearwater Capital Advisors LLC lifted its holdings in Lowe’s Companies by 45.2% in the fourth quarter. Clearwater Capital Advisors LLC now owns 1,096 shares of the home improvement retailer’s stock worth $270,000 after acquiring an additional 341 shares during the last quarter. Signaturefd LLC lifted its holdings in Lowe’s Companies by 0.5% in the fourth quarter. Signaturefd LLC now owns 15,324 shares of the home improvement retailer’s stock worth $3,782,000 after acquiring an additional 77 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Lowe’s Companies by 2.2% in the fourth quarter. Parallel Advisors LLC now owns 8,606 shares of the home improvement retailer’s stock worth $2,124,000 after acquiring an additional 184 shares during the last quarter. Finally, Cibc World Markets Corp lifted its holdings in Lowe’s Companies by 15.7% in the fourth quarter. Cibc World Markets Corp now owns 89,538 shares of the home improvement retailer’s stock worth $22,098,000 after acquiring an additional 12,180 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 0.9 %

NYSE:LOW opened at $224.64 on Monday. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The firm has a market capitalization of $126.84 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The stock has a fifty day simple moving average of $250.18 and a 200 day simple moving average of $258.63.

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, 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 business had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LOW. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Truist Financial dropped their price target on shares of 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. Mizuho reduced their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price 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.