one8zero8 LLC Buys New Shares in Lowe’s Companies, Inc. (NYSE:LOW)

one8zero8 LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,789 shares of the home improvement retailer’s stock, valued at approximately $5,377,000. Lowe’s Companies makes up about 1.2% of one8zero8 LLC’s investment portfolio, making the stock its 18th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. IFS Advisors LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the third quarter valued at $27,000. Winch Advisory Services LLC lifted its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies in the fourth quarter valued at $31,000. Finally, Financial Life Planners acquired a new stake in Lowe’s Companies in the fourth quarter valued at $45,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.9 %

Shares of Lowe’s Companies stock opened at $224.64 on Friday. The firm has a market capitalization of $126.84 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The firm’s 50 day moving average is $250.18 and its 200 day moving average is $258.56. 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 announced its quarterly earnings results 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. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates 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, research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LOW. Piper Sandler cut their target price on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. StockNews.com cut shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Barclays raised their target price on shares of 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. Finally, Wedbush restated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.