Fidelis Capital Partners LLC Increases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Fidelis Capital Partners LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 5.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,842 shares of the home improvement retailer’s stock after buying an additional 282 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Lowe’s Companies were worth $1,498,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the third quarter valued at about $27,000. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $31,000. JNBA Financial Advisors grew its holdings in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Winch Advisory Services LLC grew its holdings in Lowe’s Companies by 56.4% during the fourth 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. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LOW. Evercore ISI upped their price target on 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. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Bank of America dropped their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, DA Davidson lifted their price objective on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $248.71 on Monday. The company’s fifty day moving average price is $252.52 and its 200-day moving average price is $259.20. The firm has a market capitalization of $140.43 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its 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. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS 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.