3,072 Shares in Lowe’s Companies, Inc. (NYSE:LOW) Purchased by Brooklyn FI LLC

Brooklyn FI LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,072 shares of the home improvement retailer’s stock, valued at approximately $820,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the 3rd quarter valued at approximately $27,000. IFS Advisors LLC acquired a new position in Lowe’s Companies during the 4th quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies in the 4th quarter worth about $31,000. Winch Advisory Services LLC grew 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 worth $30,000 after buying an additional 44 shares in the last quarter. Finally, Financial Life Planners bought a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of a number of recent research reports. Evercore ISI boosted their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. BNP Paribas raised shares of Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Stifel Nicolaus lifted their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Piper Sandler decreased their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Finally, 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

NYSE:LOW opened at $225.47 on Thursday. The stock’s 50 day simple moving average is $248.81 and its two-hundred day simple moving average is $258.07. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The company has a market cap of $127.31 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last posted 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. 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 analyst estimates of $18.29 billion. As a group, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS 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.