Personal CFO Solutions LLC Boosts Position in Lowe’s Companies, Inc. (NYSE:LOW)

Personal CFO Solutions LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,867 shares of the home improvement retailer’s stock after buying an additional 413 shares during the period. Personal CFO Solutions LLC’s holdings in Lowe’s Companies were worth $1,201,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LOW. IFS Advisors LLC purchased a new stake in Lowe’s Companies in the fourth quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies in the third quarter worth $27,000. Winch Advisory Services LLC grew 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. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies in the fourth quarter worth $31,000. Finally, Financial Life Planners purchased a new stake in Lowe’s Companies in the fourth quarter worth $45,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe’s Companies Stock Performance

LOW stock opened at $242.84 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The business’s 50-day moving average is $251.90 and its two-hundred day moving average is $259.14. The company has a market cap of $137.12 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Bank of America reduced their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Stifel Nicolaus boosted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. DA Davidson boosted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Finally, Barclays boosted 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

About Lowe’s Companies

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.