Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its stake in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 52.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,995 shares of the home improvement retailer’s stock after purchasing an additional 1,727 shares during the period. Arkadios Wealth Advisors’ holdings in Lowe’s Companies were worth $995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LOW. Renaissance Technologies LLC increased its position in shares of Lowe’s Companies by 7,952.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,586,400 shares of the home improvement retailer’s stock worth $320,754,000 after purchasing an additional 1,566,700 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Lowe’s Companies by 2,072.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,078,468 shares of the home improvement retailer’s stock worth $218,055,000 after purchasing an additional 1,028,827 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Lowe’s Companies by 13.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,916,354 shares of the home improvement retailer’s stock worth $1,486,770,000 after purchasing an additional 912,518 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Lowe’s Companies by 209.0% in the 1st quarter. First Trust Advisors LP now owns 1,219,542 shares of the home improvement retailer’s stock valued at $246,579,000 after buying an additional 824,915 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Lowe’s Companies by 176.1% in the 3rd quarter. Barclays PLC now owns 925,087 shares of the home improvement retailer’s stock valued at $173,738,000 after buying an additional 590,013 shares during the period. Institutional investors own 72.62% of the company’s stock.

Lowe’s Companies Trading Down 1.2 %

Shares of NYSE:LOW opened at $197.36 on Friday. The company has a 50 day moving average of $205.77 and a 200-day moving average of $201.06. The firm has a market cap of $122.50 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.10 and a beta of 1.10. Lowe’s Companies, Inc. has a twelve month low of $170.12 and a twelve month high of $238.37.

Lowe’s Companies (NYSE:LOW – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.07. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. The company had revenue of $22.40 billion during the quarter, compared to analyst estimates of $22.71 billion. During the same period in the prior year, the business posted $1.78 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Lowe’s Companies, Inc. will post 13.83 EPS for the current year.

Insider Buying and Selling

In related news, EVP Donald Frieson sold 9,411 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $197.00, for a total value of $1,853,967.00. Following the sale, the executive vice president now directly owns 17,888 shares in the company, valued at approximately $3,523,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LOW shares. Wedbush lifted their price target on shares of Lowe’s Companies from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, December 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $235.00 price target on shares of Lowe’s Companies in a report on Monday, February 13th. UBS Group decreased their price target on shares of Lowe’s Companies from $260.00 to $250.00 and set a “buy” rating for the company in a report on Friday, January 6th. Roth Capital reaffirmed a “neutral” rating on shares of Lowe’s Companies in a report on Wednesday, March 1st. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lowe’s Companies from $230.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, March 2nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Lowe’s Companies has an average rating of “Hold” and an average target price of $224.81.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.