Oppenheimer & Co. Inc. Purchases 1,417 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Oppenheimer & Co. Inc. boosted its position in Lowe’s Companies, Inc. (NYSE:LOW) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,311 shares of the home improvement retailer’s stock after purchasing an additional 1,417 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Lowe’s Companies were worth $23,029,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Klingenstein Fields & Co. LP raised its stake in Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after buying an additional 39 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Lowe’s Companies by 0.5% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock valued at $2,021,000 after buying an additional 40 shares during the last quarter. Powers Advisory Group LLC raised its stake in Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after buying an additional 40 shares during the last quarter. Saxony Capital Management LLC raised its stake in Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 40 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in Lowe’s Companies by 1.6% in the third quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock valued at $703,000 after buying an additional 41 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LOW. Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Mizuho increased their price objective on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Evercore ISI increased their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. Barclays increased their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies Price Performance

NYSE LOW opened at $247.16 on Thursday. The company has a market cap of $139.56 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock’s 50 day simple moving average is $252.48 and its 200-day simple 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 released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for 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%. On average, equities research analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal 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.