Purkiss Capital Advisors LLC Takes $301,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Purkiss Capital Advisors LLC acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,221 shares of the home improvement retailer’s stock, valued at approximately $301,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Klingenstein Fields & Co. LP increased its holdings in shares of Lowe’s Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after buying an additional 39 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its position in Lowe’s Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after acquiring an additional 40 shares during the last quarter. Saxony Capital Management LLC increased its holdings in Lowe’s Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after purchasing an additional 40 shares in the last quarter. Powers Advisory Group LLC raised its position in Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Lowe’s Companies by 1.6% during the third quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock valued at $703,000 after purchasing an additional 41 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 1.3 %

Shares of LOW opened at $248.71 on Friday. The stock has a market cap of $140.43 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.96 and a beta of 1.11. The business’s fifty day moving average is $252.52 and its 200 day moving average is $259.05. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data 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. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on LOW. Barclays upped their price objective on 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. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research report on Wednesday. Bank of America cut their price target on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday. Sanford C. Bernstein increased their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

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.