Carlson Capital L.P. Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

Carlson Capital L.P. acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,300 shares of the home improvement retailer’s stock, valued at approximately $568,000. Lowe’s Companies accounts for about 0.3% of Carlson Capital L.P.’s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AMF Tjanstepension AB lifted its stake in Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after acquiring an additional 20,123 shares during the last quarter. Hunter Associates Investment Management LLC purchased a new position in Lowe’s Companies in the third quarter worth approximately $241,000. Gateway Wealth Partners LLC purchased a new position in Lowe’s Companies in the third quarter worth approximately $208,000. MONECO Advisors LLC lifted its stake in Lowe’s Companies by 1.6% in the third quarter. MONECO Advisors LLC now owns 3,243 shares of the home improvement retailer’s stock worth $878,000 after acquiring an additional 52 shares during the last quarter. Finally, Fidelis Capital Partners LLC lifted its stake in Lowe’s Companies by 20.7% in the third quarter. Fidelis Capital Partners LLC now owns 5,560 shares of the home improvement retailer’s stock worth $1,502,000 after acquiring an additional 954 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LOW shares. DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a report on Wednesday. Mizuho raised their price objective on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Barclays raised 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 report on Wednesday, November 20th. Finally, Royal Bank of Canada raised their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Stock Performance

Shares of LOW opened at $247.16 on Thursday. The stock 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. The company’s fifty day moving average is $252.48 and its two-hundred day moving average is $258.86. 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 the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.