Pillar Pacific Capital Management LLC Boosts Stake in Lowe’s Companies, Inc. (NYSE:LOW)


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Pillar Pacific Capital Management LLC lifted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 85,493 shares of the home improvement retailer’s stock after buying an additional 661 shares during the quarter. Lowe’s Companies accounts for about 1.1% of Pillar Pacific Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. Pillar Pacific Capital Management LLC’s holdings in Lowe’s Companies were worth $13,723,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in LOW. NEXT Financial Group Inc grew its holdings in shares of Lowe’s Companies by 41.3% during the 3rd quarter. NEXT Financial Group Inc now owns 2,299 shares of the home improvement retailer’s stock valued at $381,000 after purchasing an additional 672 shares during the last quarter. MAI Capital Management grew its holdings in shares of Lowe’s Companies by 74.6% during the 3rd quarter. MAI Capital Management now owns 166,438 shares of the home improvement retailer’s stock valued at $27,605,000 after purchasing an additional 71,132 shares during the last quarter. Syntal Capital Partners LLC bought a new position in shares of Lowe’s Companies during the 3rd quarter valued at $1,511,000. HighMark Wealth Management LLC grew its holdings in shares of Lowe’s Companies by 272.1% during the 3rd quarter. HighMark Wealth Management LLC now owns 160 shares of the home improvement retailer’s stock valued at $28,000 after purchasing an additional 117 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of Lowe’s Companies by 22.9% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 1,354 shares of the home improvement retailer’s stock valued at $224,000 after purchasing an additional 252 shares during the last quarter. 76.11% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on LOW shares. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating and set a $166.00 price target on the stock. in a report on Thursday, November 12th. Zelman & Associates raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, February 12th. Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $186.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, November 19th. Morgan Stanley lifted their target price on shares of Lowe’s Companies from $190.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, December 4th. Finally, Telsey Advisory Group lifted their target price on shares of Lowe’s Companies from $190.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, December 10th. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $172.42.

Shares of LOW stock traded down $4.82 during mid-day trading on Tuesday, hitting $167.59. The company had a trading volume of 148,807 shares, compared to its average volume of 3,671,564. Lowe’s Companies, Inc. has a 52-week low of $60.00 and a 52-week high of $180.67. The stock’s 50 day moving average price is $171.38 and its 200-day moving average price is $164.04. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57. The company has a market capitalization of $122.80 billion, a P/E ratio of 24.39, a P/E/G ratio of 1.18 and a beta of 1.37.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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Institutional Ownership by Quarter for Lowe`s Companies (NYSE:LOW)

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