Lifeworks Advisors LLC Buys 134 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Lifeworks Advisors LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,888 shares of the home improvement retailer’s stock after purchasing an additional 134 shares during the quarter. Lifeworks Advisors LLC’s holdings in Lowe’s Companies were worth $466,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies in the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the third quarter worth about $27,000. Winch Advisory Services LLC grew its stake in shares of 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 purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at about $31,000. Finally, Financial Life Planners bought a new position in shares of Lowe’s Companies in the 4th quarter worth approximately $45,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LOW. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Truist Financial cut their price target on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Evercore ISI upped their price target on 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, ten have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Trading Down 0.3 %

NYSE:LOW opened at $242.84 on Friday. The company has a market capitalization of $137.12 billion, a P/E ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12. The business’s 50-day moving average is $251.90 and its 200 day moving average is $259.14. 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 posted 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 firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. On average, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.