AIMZ Investment Advisors LLC Lowers Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

AIMZ Investment Advisors LLC lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,303 shares of the home improvement retailer’s stock after selling 82 shares during the quarter. AIMZ Investment Advisors LLC’s holdings in Lowe’s Companies were worth $2,790,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies in the fourth quarter valued at $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies in the 4th quarter valued at $31,000. JNBA Financial Advisors lifted its stake in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, Winch Advisory Services LLC boosted its holdings in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

NYSE LOW opened at $245.87 on Friday. The company has a fifty day moving average of $252.50 and a two-hundred day moving average of $258.77. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a market capitalization of $138.83 billion, a PE ratio of 20.51, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates 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, research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

LOW has been the topic of a number of recent research reports. Stifel Nicolaus boosted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company raised their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Piper Sandler cut their price objective on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Sanford C. Bernstein lifted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.