GWN Securities Inc. Invests $1.95 Million in Lowe’s Companies, Inc. (NYSE:LOW)

GWN Securities Inc. bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,427 shares of the home improvement retailer’s stock, valued at approximately $1,947,000.

Several other large investors also recently bought and sold shares of LOW. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter worth $31,000. Winch Advisory Services LLC raised its position 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 worth $30,000 after acquiring an additional 44 shares during the period. Finally, Financial Life Planners acquired a new position in Lowe’s Companies during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Trading Up 0.9 %

Shares of LOW opened at $224.64 on Friday. The firm has a market cap 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 company’s 50 day simple moving average is $250.18 and its 200-day simple moving average is $258.56. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its earnings results 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 business 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, equities research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research reports. Royal Bank of Canada dropped 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 report on Thursday, February 27th. Evercore ISI upped 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 target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Barclays increased their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein increased their price target 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

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.