Maripau Wealth Management LLC Invests $271,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Maripau Wealth Management LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,099 shares of the home improvement retailer’s stock, valued at approximately $271,000.

A number of other hedge funds have also recently added to or reduced their stakes in LOW. AMF Tjanstepension AB grew its holdings in Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after acquiring an additional 20,123 shares during the period. Goldstone Financial Group LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $203,000. Reston Wealth Management LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth $64,000. Principal Securities Inc. increased its holdings in shares of Lowe’s Companies by 20.1% in the 3rd quarter. Principal Securities Inc. now owns 10,706 shares of the home improvement retailer’s stock valued at $2,900,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Lowe’s Companies by 2.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 5,707 shares of the home improvement retailer’s stock valued at $1,546,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.3 %

Shares of Lowe’s Companies stock opened at $248.71 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The business’s fifty day moving average is $252.52 and its two-hundred day moving average is $258.89. The firm has a market cap of $140.43 billion, a PE ratio of 20.74, a P/E/G 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 for the quarter, compared to the consensus estimate of $18.29 billion. Equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on LOW. Telsey Advisory Group restated an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday. Barclays boosted 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. Bank of America dropped their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday. Guggenheim reiterated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research report 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 on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.