EverSource Wealth Advisors LLC Acquires 366 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

EverSource Wealth Advisors LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,548 shares of the home improvement retailer’s stock after purchasing an additional 366 shares during the period. EverSource Wealth Advisors LLC’s holdings in Lowe’s Companies were worth $1,122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in shares of Lowe’s Companies by 9.8% during the 4th quarter. Sequoia Financial Advisors LLC now owns 37,181 shares of the home improvement retailer’s stock valued at $9,176,000 after buying an additional 3,315 shares in the last quarter. Summit X LLC lifted its stake in shares of Lowe’s Companies by 8.5% during the 4th quarter. Summit X LLC now owns 1,619 shares of the home improvement retailer’s stock valued at $399,000 after buying an additional 127 shares in the last quarter. Natural Investments LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $964,000. AGF Management Ltd. purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $1,350,000. Finally, Cushing Capital Partners LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $725,000. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Mizuho dropped their price target on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Piper Sandler dropped their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Stock Down 2.6 %

Shares of LOW opened at $222.47 on Friday. The stock has a market capitalization of $125.62 billion, a P/E ratio of 18.55, a PEG ratio of 1.96 and a beta of 1.12. The firm has a fifty day simple moving average of $250.66 and a two-hundred day simple moving average of $258.67. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The business 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%. Sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies 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.