Lowe’s Companies, Inc. (NYSE:LOW) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 539,424 shares of the home improvement retailer’s stock after buying an additional 2,891 shares during the quarter. Victory Capital Management Inc. owned about 0.10% of Lowe’s Companies worth $133,130,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the third quarter valued at $27,000. Winch Advisory Services LLC grew its position 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 period. Marshall Investment Management LLC bought a new stake in Lowe’s Companies in the fourth quarter valued at $31,000. Finally, JNBA Financial Advisors grew its position in Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 1.2 %

LOW stock opened at $242.82 on Thursday. The stock has a market capitalization of $137.11 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock’s 50 day simple moving average is $252.13 and its 200 day simple moving average is $259.12. 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 quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $18.29 billion. On average, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

LOW has been the topic of several research analyst reports. Bank of America decreased their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Truist Financial cut their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, DA Davidson raised their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.