FFT Wealth Management LLC Acquires 42 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

FFT Wealth Management LLC raised its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% during the 4th quarter, HoldingsChannel reports. The fund owned 1,377 shares of the home improvement retailer’s stock after acquiring an additional 42 shares during the quarter. FFT Wealth Management LLC’s holdings in Lowe’s Companies were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFS Advisors LLC bought a new position in Lowe’s Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC lifted its holdings in Lowe’s Companies by 56.4% in the 4th 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 in the last quarter. Marshall Investment Management LLC bought a new position in Lowe’s Companies in the 4th quarter worth approximately $31,000. Finally, JNBA Financial Advisors grew its holdings in Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research reports. Mizuho upped their target price on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Sanford C. Bernstein increased 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. Wells Fargo & Company raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. 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 research report on Wednesday, December 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, February 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Stock Performance

LOW opened at $242.33 on Wednesday. The stock’s 50 day moving average price is $252.53 and its 200-day moving average price is $258.94. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock has a market cap of $136.83 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 1.96 and a beta of 1.11.

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.