Apriem Advisors Has $1.82 Million Position in Lowe’s Companies, Inc. (NYSE:LOW)

Apriem Advisors raised its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,361 shares of the home improvement retailer’s stock after buying an additional 76 shares during the quarter. Apriem Advisors’ holdings in Lowe’s Companies were worth $1,817,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC boosted 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 valued at $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Finally, JNBA Financial Advisors increased its holdings in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.0 %

Shares of LOW stock opened at $247.16 on Thursday. The firm has a market capitalization of $139.56 billion, a P/E ratio of 20.61, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock’s fifty day simple moving average is $252.48 and its 200 day simple moving average is $258.86.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday. Royal Bank of Canada upped their target price on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Stifel Nicolaus raised their price target 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 raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Barclays increased their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

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.