Clearwater Capital Advisors LLC Increases Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Clearwater Capital Advisors LLC boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 45.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,096 shares of the home improvement retailer’s stock after buying an additional 341 shares during the period. Clearwater Capital Advisors LLC’s holdings in Lowe’s Companies were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in Lowe’s Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $314,435,000. Strategic Financial Concepts LLC lifted its position in Lowe’s Companies by 24,531.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after purchasing an additional 1,223,116 shares during the period. Amundi boosted its holdings in Lowe’s Companies by 60.1% in the fourth quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock valued at $642,730,000 after purchasing an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its position in Lowe’s Companies by 42,529.8% during the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock worth $208,843,000 after purchasing an additional 844,217 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

NYSE:LOW opened at $224.64 on Monday. 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 $126.84 billion, a PE ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12. The stock has a 50 day moving average price of $250.18 and a 200 day moving average price of $258.63.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. As a group, analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LOW. Sanford C. Bernstein boosted 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. Guggenheim restated a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial cut their target price on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Barclays increased their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Finally, BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.