Cushing Capital Partners LLC Acquires New Shares in Lowe’s Companies, Inc. (NYSE:LOW)

Cushing Capital Partners LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,936 shares of the home improvement retailer’s stock, valued at approximately $725,000.

Several other large investors have also bought and sold shares of the business. Klingenstein Fields & Co. LP boosted its stake in Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after buying an additional 39 shares in the last quarter. Saxony Capital Management LLC boosted its stake in Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 40 shares in the last quarter. Powers Advisory Group LLC boosted its stake in shares of Lowe’s Companies by 2.7% during the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares in the last quarter. Cordatus Wealth Management LLC boosted its stake in shares of Lowe’s Companies by 0.3% during the fourth quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after purchasing an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its stake in shares of Lowe’s Companies by 1.5% during the fourth quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock valued at $715,000 after purchasing an additional 42 shares in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on LOW shares. DA Davidson lifted their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein lifted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Stifel Nicolaus lifted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Wedbush reissued a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Down 0.2 %

NYSE LOW opened at $242.07 on Tuesday. The company has a market cap of $136.68 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The business has a 50 day moving average price of $251.81 and a 200-day moving average price of $259.27.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate 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 research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies 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.