Greenwich Wealth Management LLC Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Greenwich Wealth Management LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,092 shares of the home improvement retailer’s stock after acquiring an additional 134 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Lowe’s Companies were worth $269,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LOW shares. BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Bank of America dropped their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research 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. Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $224.64 on Monday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The firm has a 50 day moving average price of $250.18 and a 200 day moving average price of $258.63. The company 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 (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Sell-side analysts predict 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.