WR Wealth Planners LLC Acquires 48 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

WR Wealth Planners LLC boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 602 shares of the home improvement retailer’s stock after purchasing an additional 48 shares during the quarter. WR Wealth Planners LLC’s holdings in Lowe’s Companies were worth $149,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Conservest Capital Advisors Inc. boosted its position in shares of Lowe’s Companies by 28.3% in the fourth quarter. Conservest Capital Advisors Inc. now owns 1,139 shares of the home improvement retailer’s stock valued at $281,000 after acquiring an additional 251 shares during the period. Maripau Wealth Management LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $271,000. Maple Capital Management Inc. boosted its holdings in Lowe’s Companies by 10.9% in the 4th quarter. Maple Capital Management Inc. now owns 863 shares of the home improvement retailer’s stock valued at $213,000 after purchasing an additional 85 shares during the period. Sage Investment Counsel LLC bought a new stake in Lowe’s Companies in the 4th quarter valued at $444,000. Finally, SVB Wealth LLC bought a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $3,465,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.3 %

Lowe’s Companies stock opened at $248.71 on Friday. The stock has a 50-day simple moving average of $252.52 and a 200 day simple moving average of $259.05. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock has a market capitalization of $140.43 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. As a group, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LOW shares. Barclays increased their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. Piper Sandler reduced their price objective on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday. Evercore ISI raised their target price 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. DA Davidson boosted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Bank of America dropped their price objective on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the 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 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.