Kwmg LLC Boosts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Kwmg LLC lifted its position in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,779 shares of the home improvement retailer’s stock after buying an additional 145 shares during the quarter. Kwmg LLC’s holdings in Lowe’s Companies were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Butensky & Cohen Financial Security Inc. raised its holdings in shares of Lowe’s Companies by 5.3% in the 4th quarter. Butensky & Cohen Financial Security Inc. now owns 19,491 shares of the home improvement retailer’s stock valued at $3,883,000 after buying an additional 976 shares during the period. American National Bank increased its holdings in Lowe’s Companies by 12.1% during the 4th quarter. American National Bank now owns 10,153 shares of the home improvement retailer’s stock worth $2,023,000 after purchasing an additional 1,093 shares during the period. First Community Trust NA increased its holdings in Lowe’s Companies by 23.5% during the 4th quarter. First Community Trust NA now owns 467 shares of the home improvement retailer’s stock worth $93,000 after purchasing an additional 89 shares during the period. Norway Savings Bank increased its holdings in Lowe’s Companies by 3.6% during the 4th quarter. Norway Savings Bank now owns 6,273 shares of the home improvement retailer’s stock worth $1,250,000 after purchasing an additional 217 shares during the period. Finally, Gries Financial LLC increased its holdings in Lowe’s Companies by 35.4% during the 4th quarter. Gries Financial LLC now owns 8,543 shares of the home improvement retailer’s stock worth $1,702,000 after purchasing an additional 2,235 shares during the period. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on LOW. Oppenheimer cut their price target on Lowe’s Companies from $300.00 to $275.00 in a report on Tuesday, February 28th. Sanford C. Bernstein began coverage on Lowe’s Companies in a report on Tuesday, December 6th. They set a “market perform” rating and a $237.00 price target on the stock. Barclays initiated coverage on Lowe’s Companies in a report on Tuesday, February 7th. They set an “equal weight” rating and a $215.00 price target on the stock. Citigroup lowered their price objective on Lowe’s Companies from $215.00 to $210.00 in a research report on Friday, March 3rd. Finally, Robert W. Baird lowered their price objective on Lowe’s Companies from $250.00 to $235.00 in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $224.81.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Donald Frieson sold 9,411 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $197.00, for a total transaction of $1,853,967.00. Following the completion of the sale, the executive vice president now directly owns 17,888 shares of the company’s stock, valued at approximately $3,523,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.

Lowe’s Companies Trading Down 1.2 %

Lowe’s Companies stock opened at $197.36 on Friday. Lowe’s Companies, Inc. has a twelve month low of $170.12 and a twelve month high of $238.37. The stock has a 50 day moving average of $205.77 and a two-hundred day moving average of $201.06. The stock has a market capitalization of $122.50 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.10 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.07. Lowe’s Companies had a negative return on equity of 82.30% and a net margin of 6.63%. The company had revenue of $22.40 billion during the quarter, compared to analysts’ expectations of $22.71 billion. During the same period last year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts predict that Lowe’s Companies, Inc. will post 13.83 earnings per share for the current year.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.