Lowe’s Companies, Inc. $LOW Shares Bought by Syon Capital LLC

Syon Capital LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 26.0% during the 3rd quarter, Holdings Channel reports. The fund owned 10,443 shares of the home improvement retailer’s stock after buying an additional 2,152 shares during the quarter. Syon Capital LLC’s holdings in Lowe’s Companies were worth $2,624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LOW. Howard Hughes Medical Institute acquired a new position in Lowe’s Companies during the 2nd quarter worth approximately $27,000. Solstein Capital LLC boosted its stake in shares of Lowe’s Companies by 627.8% in the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after buying an additional 113 shares in the last quarter. Activest Wealth Management grew its holdings in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after acquiring an additional 51 shares during the period. Traub Capital Management LLC purchased a new position in Lowe’s Companies in the second quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in Lowe’s Companies by 128.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 76 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Marvin R. Ellison sold 18,000 shares of the business’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Robert W. Baird lowered their price target on shares of Lowe’s Companies from $295.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Telsey Advisory Group lowered their target price on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. TD Cowen increased their target price on shares of Lowe’s Companies from $250.00 to $295.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Evercore boosted their price target on Lowe’s Companies from $250.00 to $280.00 in a research note on Tuesday, January 27th. Finally, Mizuho lowered their price target on Lowe’s Companies from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Twenty investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Moderate Buy” and an average target price of $287.22.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $280.80 on Wednesday. The firm’s 50-day moving average is $262.65 and its two-hundred day moving average is $252.73. The company has a market capitalization of $157.51 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 4.48 and a beta of 0.97. Lowe’s Companies, Inc. has a 12-month low of $206.38 and a 12-month high of $293.06.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion during the quarter, compared to analysts’ expectations of $20.88 billion. During the same period last year, the company posted $2.89 EPS. The company’s revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

About Lowe’s Companies

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.