Vinva Investment Management Ltd Buys 5,913 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Vinva Investment Management Ltd boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 97.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,972 shares of the home improvement retailer’s stock after acquiring an additional 5,913 shares during the period. Vinva Investment Management Ltd’s holdings in Lowe’s Companies were worth $2,954,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Klingenstein Fields & Co. LP boosted its holdings 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 acquiring an additional 39 shares during the last quarter. Saxony Capital Management LLC boosted its holdings in shares of Lowe’s Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after buying an additional 40 shares in the last quarter. Powers Advisory Group LLC boosted its holdings in shares of Lowe’s Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after buying an additional 40 shares in the last quarter. Cordatus Wealth Management LLC boosted its holdings in shares of Lowe’s Companies by 0.3% during the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock worth $3,705,000 after buying an additional 41 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its holdings in shares of Lowe’s Companies by 1.5% during the 4th quarter. O Brien Greene & Co. Inc now owns 2,896 shares of the home improvement retailer’s stock worth $715,000 after buying an additional 42 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LOW shares. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. Evercore ISI increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Barclays increased their target price on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, Bank of America cut 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $225.47 on Thursday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The firm has a market cap of $127.31 billion, a PE ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.12. The stock has a fifty day moving average price of $248.81 and a 200-day moving average price of $258.07.

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, beating 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. As a group, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal 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.