Envestnet Portfolio Solutions Inc. Boosts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Envestnet Portfolio Solutions Inc. grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the fourth quarter, HoldingsChannel reports. The fund owned 57,121 shares of the home improvement retailer’s stock after buying an additional 147 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Lowe’s Companies were worth $14,098,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the third quarter worth about $27,000. Winch Advisory Services LLC raised its holdings in shares of Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $31,000. Finally, Financial Life Planners purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth about $45,000. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Up 0.9 %

NYSE:LOW opened at $224.64 on Monday. The company has a market cap of $126.84 billion, a PE ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12. The business’s 50 day moving average is $250.18 and its two-hundred day moving average is $258.63. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. As a group, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on LOW shares. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Mizuho reduced their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Wedbush restated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, Royal Bank of Canada lowered their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently 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.