Harbour Investments Inc. Raises Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Harbour Investments Inc. lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 8,439 shares of the home improvement retailer’s stock after acquiring an additional 261 shares during the period. Harbour Investments Inc.’s holdings in Lowe’s Companies were worth $2,083,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the third quarter worth approximately $27,000. IFS Advisors LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth $31,000. Winch Advisory Services LLC grew 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 acquiring an additional 44 shares during the period. Finally, Financial Life Planners purchased a new stake in Lowe’s Companies during the fourth quarter valued at $45,000. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Trading Up 0.6 %

Shares of LOW stock opened at $225.85 on Tuesday. The stock has a market capitalization of $127.53 billion, a price-to-earnings ratio of 18.84, 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. The stock’s 50-day moving average price is $249.71 and its 200-day moving average price is $258.48.

Lowe’s Companies (NYSE:LOW) last posted 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 net margin of 8.19% and a negative return on equity of 47.55%. The firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LOW shares. Mizuho lowered their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. 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. Evercore ISI upped their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.