Xponance Inc. Boosts Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Xponance Inc. raised its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,365 shares of the home improvement retailer’s stock after buying an additional 2,568 shares during the quarter. Xponance Inc.’s holdings in Lowe’s Companies were worth $22,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFS Advisors LLC purchased a new stake in Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the third quarter valued at $27,000. Winch Advisory Services LLC increased its position in Lowe’s Companies by 56.4% during the fourth 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 last quarter. Marshall Investment Management LLC bought a new position in Lowe’s Companies during the fourth quarter valued at $31,000. Finally, Financial Life Planners bought a new position in Lowe’s Companies during the fourth quarter valued at $45,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of analyst reports. Mizuho cut their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Bank of America cut their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. One equities research 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. Based on data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Up 0.6 %

NYSE LOW opened at $225.85 on Tuesday. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The business’s fifty day simple moving average is $249.71 and its 200-day simple moving average is $258.48. The firm has a market cap of $127.53 billion, a PE ratio of 18.84, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last posted 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. 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 for the quarter, compared to analyst estimates of $18.29 billion. Research analysts expect 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.