Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Cut by Ironsides Asset Advisors LLC

Ironsides Asset Advisors LLC lowered its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 455,036 shares of the home improvement retailer’s stock after selling 15,315 shares during the quarter. Lowe’s Companies makes up approximately 32.2% of Ironsides Asset Advisors LLC’s holdings, making the stock its biggest position. Ironsides Asset Advisors LLC’s holdings in Lowe’s Companies were worth $112,303,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies in the 3rd quarter worth $27,000. IFS Advisors LLC purchased a new stake in Lowe’s Companies in the fourth quarter worth about $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies in the fourth quarter worth about $31,000. Winch Advisory Services LLC lifted its position in shares of Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares in the last quarter. Finally, Financial Life Planners bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $45,000. Institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Mizuho decreased their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Evercore ISI lifted 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. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Stifel Nicolaus boosted their target price on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $224.64 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The company has a market cap of $126.84 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12. The business’s 50 day moving average price is $250.18 and its 200-day moving average price is $258.56.

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, topping analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Company 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.