Skba Capital Management LLC Acquires Shares of 24,300 Lowe’s Companies, Inc. (NYSE:LOW)

Skba Capital Management LLC purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOWFree Report) in the third quarter, Holdings Channel.com reports. The fund purchased 24,300 shares of the home improvement retailer’s stock, valued at approximately $5,051,000.

Other large investors have also made changes to their positions in the company. Axiom Financial Strategies LLC increased its holdings in Lowe’s Companies by 9.8% during the 1st quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock valued at $275,000 after acquiring an additional 123 shares in the last quarter. United Bank increased its holdings in Lowe’s Companies by 6.8% during the 1st quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock valued at $1,968,000 after acquiring an additional 617 shares in the last quarter. Prudential PLC purchased a new position in Lowe’s Companies during the 1st quarter valued at about $1,629,000. Baird Financial Group Inc. increased its holdings in Lowe’s Companies by 0.4% during the 1st quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock valued at $51,780,000 after acquiring an additional 920 shares in the last quarter. Finally, Covestor Ltd increased its holdings in Lowe’s Companies by 74.6% during the 1st quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock valued at $60,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 71.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating and lifted their price target for the stock from $235.00 to $240.00 in a report on Wednesday, December 20th. Evercore ISI lifted their price target on shares of Lowe’s Companies from $205.00 to $210.00 and gave the stock an “in-line” rating in a report on Wednesday, November 22nd. Wedbush lowered their price target on shares of Lowe’s Companies from $230.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, November 22nd. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, UBS Group reduced their price target on shares of Lowe’s Companies from $265.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.33.

Read Our Latest Stock Report on Lowe’s Companies

Lowe’s Companies Stock Up 3.2 %

LOW stock traded up $7.13 during trading on Monday, hitting $229.39. 922,784 shares of the company’s stock traded hands, compared to its average volume of 2,524,985. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $237.21. The stock has a market capitalization of $131.92 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.59 and a beta of 1.12. The stock has a fifty day moving average price of $217.33 and a two-hundred day moving average price of $212.77.

Lowe’s Companies (NYSE:LOWGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.03. Lowe’s Companies had a net margin of 8.49% and a negative return on equity of 54.56%. The company had revenue of $20.74 billion during the quarter, compared to the consensus estimate of $20.87 billion. During the same quarter in the previous year, the company posted $3.27 earnings per share. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 13.02 EPS for the current fiscal year.

Lowe’s Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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