Gray Wealth Management Inc. Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Gray Wealth Management Inc. increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 936 shares of the home improvement retailer’s stock after purchasing an additional 139 shares during the period. Gray Wealth Management Inc.’s holdings in Lowe’s Companies were worth $231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFS Advisors LLC purchased a new position in Lowe’s Companies in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC increased its position in shares of 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 purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in Lowe’s Companies in the fourth quarter worth $31,000. Finally, Financial Life Planners purchased a new position in Lowe’s Companies during the fourth quarter worth $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LOW has been the subject of several analyst reports. Mizuho lowered their target price on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Evercore ISI upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. Barclays raised their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Finally, Bank of America cut their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Trading Up 0.9 %

LOW opened at $224.64 on Monday. The firm has a market cap of $126.84 billion, a price-to-earnings ratio of 18.74, a PEG 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 has a fifty day moving average price of $250.18 and a 200-day moving average price 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. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.