Lowe’s Companies, Inc. (NYSE:LOW) Shares Bought by Choate Investment Advisors

Choate Investment Advisors boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,700 shares of the home improvement retailer’s stock after buying an additional 194 shares during the period. Choate Investment Advisors’ holdings in Lowe’s Companies were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. United Bank boosted its position in Lowe’s Companies by 1.4% in the third quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock valued at $2,735,000 after buying an additional 137 shares during the last quarter. Zions Bancorporation N.A. boosted its holdings in shares of Lowe’s Companies by 3.5% in the 3rd quarter. Zions Bancorporation N.A. now owns 1,749 shares of the home improvement retailer’s stock valued at $474,000 after acquiring an additional 59 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Lowe’s Companies by 8.0% in the third quarter. CIBC Asset Management Inc now owns 83,918 shares of the home improvement retailer’s stock worth $22,729,000 after acquiring an additional 6,232 shares during the period. Coastline Trust Co raised its holdings in shares of Lowe’s Companies by 3.7% during the third quarter. Coastline Trust Co now owns 9,633 shares of the home improvement retailer’s stock worth $2,609,000 after purchasing an additional 340 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Lowe’s Companies by 8.6% during the third quarter. Natixis Advisors LLC now owns 506,142 shares of the home improvement retailer’s stock valued at $137,088,000 after purchasing an additional 40,106 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 0.9 %

Shares of NYSE LOW opened at $224.64 on Friday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock has a market cap of $126.84 billion, a PE ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12. The company has a 50-day moving average of $250.18 and a 200 day moving average of $258.56.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. On average, sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LOW shares. Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Evercore ISI boosted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Truist Financial decreased 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 report on Thursday, February 27th. Finally, StockNews.com downgraded 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 given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Company 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.