Bradyco Inc. Purchases Shares of 3,069 Lowe’s Companies, Inc. (NYSE:LOW)

Bradyco Inc. purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, HoldingsChannel reports. The fund purchased 3,069 shares of the home improvement retailer’s stock, valued at approximately $757,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the third quarter worth approximately $27,000. IFS Advisors LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth about $31,000. JNBA Financial Advisors boosted its stake in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, Winch Advisory Services LLC boosted its stake 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 worth $30,000 after purchasing an additional 44 shares during the period. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Bank of America decreased their price objective 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. Stifel Nicolaus increased their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. DA Davidson increased their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $243.50 on Friday. The stock has a market capitalization of $137.49 billion, a PE ratio of 20.31, a P/E/G ratio of 1.96 and a beta of 1.11. The business has a fifty day moving average price of $252.01 and a two-hundred day moving average price of $259.01. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, equities 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.