DMKC Advisory Services LLC Invests $1.90 Million in Lowe’s Companies, Inc. (NYSE:LOW)

DMKC Advisory Services LLC purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,680 shares of the home improvement retailer’s stock, valued at approximately $1,895,000. Lowe’s Companies accounts for about 1.7% of DMKC Advisory Services LLC’s holdings, making the stock its 25th largest holding.

A number of other institutional investors also recently bought and sold shares of LOW. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $27,000. IFS Advisors LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in Lowe’s Companies during the 4th quarter valued at $31,000. JNBA Financial Advisors grew its position in Lowe’s Companies by 555.6% in the 3rd 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 last quarter. Finally, Winch Advisory Services LLC increased its stake 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 worth $30,000 after purchasing an additional 44 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Lowe’s Companies Stock Up 2.2 %

Shares of LOW opened at $242.33 on Wednesday. The company has a 50 day moving average of $252.53 and a two-hundred day moving average of $258.94. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market cap of $136.83 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Mizuho boosted their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Stifel Nicolaus raised their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Truist Financial raised their price objective on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

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.