Fiduciary Group LLC Has $2.20 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Fiduciary Group LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,925 shares of the home improvement retailer’s stock after acquiring an additional 194 shares during the period. Fiduciary Group LLC’s holdings in Lowe’s Companies were worth $2,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its stake in Lowe’s Companies by 162.1% in the fourth quarter. Teacher Retirement System of Texas now owns 177,153 shares of the home improvement retailer’s stock valued at $43,721,000 after acquiring an additional 109,564 shares during the period. Royal London Asset Management Ltd. grew its stake in Lowe’s Companies by 3.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 248,515 shares of the home improvement retailer’s stock valued at $61,334,000 after acquiring an additional 7,989 shares during the period. Vinva Investment Management Ltd grew its stake in Lowe’s Companies by 97.6% in the fourth quarter. Vinva Investment Management Ltd now owns 11,972 shares of the home improvement retailer’s stock valued at $2,954,000 after acquiring an additional 5,913 shares during the period. North Forty Two & Co. acquired a new position in Lowe’s Companies in the fourth quarter valued at about $223,000. Finally, VSM Wealth Advisory LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at about $157,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Up 1.1 %

Lowe’s Companies stock opened at $225.47 on Thursday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock’s 50 day moving average is $248.81 and its 200-day moving average is $258.07. The company has a market capitalization of $127.31 billion, a price-to-earnings ratio of 18.81, a PEG 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 EPS for the quarter, beating the consensus estimate 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. As a group, equities research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOW. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Wednesday, February 26th. Truist Financial reduced their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus upped their price objective on 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 cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Mizuho reduced their price objective on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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.