Cape Investment Advisory Inc. Buys 46 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cape Investment Advisory Inc. boosted its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428 shares of the home improvement retailer’s stock after acquiring an additional 46 shares during the period. Cape Investment Advisory Inc.’s holdings in Lowe’s Companies were worth $106,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IFS Advisors LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies in the third quarter valued at approximately $27,000. Winch Advisory Services LLC lifted its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC acquired a new position in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors lifted its stake in Lowe’s Companies by 555.6% in the third 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 during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LOW has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Evercore ISI boosted their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research note on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Royal Bank of Canada lowered their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $248.71 on Monday. The company has a market capitalization of $140.43 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The business has a fifty day moving average price of $252.52 and a two-hundred day moving average price of $259.20. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced 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. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.