iA Global Asset Management Inc. Has $4.59 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

iA Global Asset Management Inc. raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 24.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,582 shares of the home improvement retailer’s stock after purchasing an additional 3,670 shares during the quarter. iA Global Asset Management Inc.’s holdings in Lowe’s Companies were worth $4,586,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LOW. IFS Advisors LLC acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $27,000. Winch Advisory Services LLC increased its position in 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 valued at $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $31,000. Finally, Financial Life Planners acquired a new stake in Lowe’s Companies during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $226.17 on Friday. The company has a market capitalization of $127.70 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.96 and a beta of 1.12. The firm’s fifty day moving average price is $248.40 and its two-hundred day moving average price is $257.85. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Sanford C. Bernstein raised their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Mizuho reduced their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.