Advisor OS LLC Has $326,000 Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Advisor OS LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 14.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,323 shares of the home improvement retailer’s stock after purchasing an additional 167 shares during the period. Advisor OS LLC’s holdings in Lowe’s Companies were worth $326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DMKC Advisory Services LLC bought a new position in shares of Lowe’s Companies in the 4th quarter worth $1,895,000. Kirtland Hills Capital Management LLC boosted its position in shares of Lowe’s Companies by 0.6% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 9,469 shares of the home improvement retailer’s stock worth $2,337,000 after purchasing an additional 57 shares during the last quarter. FFT Wealth Management LLC boosted its position in shares of Lowe’s Companies by 3.1% in the 4th quarter. FFT Wealth Management LLC now owns 1,377 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 42 shares during the last quarter. Delta Financial Advisors LLC boosted its position in shares of Lowe’s Companies by 0.4% in the 4th quarter. Delta Financial Advisors LLC now owns 13,202 shares of the home improvement retailer’s stock worth $3,258,000 after purchasing an additional 59 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Lowe’s Companies by 15.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 78,250 shares of the home improvement retailer’s stock worth $19,312,000 after purchasing an additional 10,658 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Piper Sandler reduced their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Wells Fargo & Company lifted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Bank of America dropped their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

NYSE LOW opened at $245.87 on Friday. The business has a fifty day moving average price of $252.50 and a two-hundred day moving average price of $258.77. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market capitalization of $138.83 billion, a PE ratio of 20.51, a PEG ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share 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 during 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 earnings per share for the current year.

Lowe’s Companies Profile

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.