Miller Financial Services LLC Acquires Shares of 2,069 Lowe’s Companies, Inc. (NYSE:LOW)

Miller Financial Services LLC bought a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,069 shares of the home improvement retailer’s stock, valued at approximately $511,000.

Several other institutional investors have also recently made changes to their positions in LOW. United Bank lifted its holdings in shares of Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock worth $2,735,000 after acquiring an additional 137 shares during the last quarter. Assetmark Inc. lifted its holdings in Lowe’s Companies by 12.0% during the 3rd quarter. Assetmark Inc. now owns 46,499 shares of the home improvement retailer’s stock valued at $12,594,000 after buying an additional 4,977 shares in the last quarter. XML Financial LLC lifted its holdings in Lowe’s Companies by 1.1% during the 3rd quarter. XML Financial LLC now owns 5,447 shares of the home improvement retailer’s stock valued at $1,475,000 after buying an additional 58 shares in the last quarter. Baker Avenue Asset Management LP lifted its holdings in Lowe’s Companies by 9.7% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,588 shares of the home improvement retailer’s stock valued at $2,055,000 after buying an additional 671 shares in the last quarter. Finally, Tyler Stone Wealth Management lifted its holdings in Lowe’s Companies by 111.9% during the 3rd quarter. Tyler Stone Wealth Management now owns 1,795 shares of the home improvement retailer’s stock valued at $486,000 after buying an additional 948 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research analyst reports. Mizuho decreased their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Barclays lifted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Wedbush reiterated a “neutral” rating and set a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Down 0.2 %

Shares of Lowe’s Companies stock opened at $242.07 on Tuesday. The firm’s 50 day moving average price is $251.81 and its 200-day moving average price is $259.27. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market cap of $136.68 billion, a P/E ratio of 20.19, a PEG ratio of 1.96 and a beta of 1.12.

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

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.