home Latest News Beacon Pointe Wealth Advisors LLC Invests $341,000 in Lowe’s Companies, Inc. (LOW) – Fairfield Current

Beacon Pointe Wealth Advisors LLC Invests $341,000 in Lowe’s Companies, Inc. (LOW) – Fairfield Current

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Beacon Pointe Wealth Advisors LLC bought a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,692 shares of the home improvement retailer’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LOW. Ironwood Financial llc raised its holdings in shares of Lowe’s Companies by 171.0% during the fourth quarter. Ironwood Financial llc now owns 542 shares of the home improvement retailer’s stock worth $50,000 after acquiring an additional 342 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Lowe’s Companies by 360.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 654 shares of the home improvement retailer’s stock worth $60,000 after acquiring an additional 512 shares in the last quarter. Mascoma Wealth Management LLC raised its holdings in shares of Lowe’s Companies by 76.9% during the fourth quarter. Mascoma Wealth Management LLC now owns 690 shares of the home improvement retailer’s stock worth $64,000 after acquiring an additional 300 shares in the last quarter. Columbia Asset Management purchased a new stake in shares of Lowe’s Companies during the third quarter worth $109,000. Finally, Reilly Financial Advisors LLC raised its holdings in shares of Lowe’s Companies by 19.2% during the fourth quarter. Reilly Financial Advisors LLC now owns 1,242 shares of the home improvement retailer’s stock worth $115,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 76.55% of the company’s stock.

Several analysts recently issued reports on LOW shares. Loop Capital lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd. Deutsche Bank set a $101.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, November 21st. ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Credit Suisse Group set a $111.00 price objective on Lowe’s Companies and gave the stock a “hold” rating in a report on Tuesday, November 20th. Finally, Morgan Stanley cut their price objective on Lowe’s Companies from $125.00 to $110.00 and set an “overweight” rating for the company in a report on Tuesday, October 23rd. Eleven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $111.36.

In other Lowe’s Companies news, Director Brian C. Rogers purchased 10,000 shares of the stock in a transaction dated Friday, November 23rd. The shares were bought at an average cost of $88.02 per share, with a total value of $880,200.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $880,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.30% of the company’s stock.

Lowe’s Companies stock opened at $99.47 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.18 and a current ratio of 1.00. The firm has a market cap of $77.74 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.14 and a beta of 1.27. Lowe’s Companies, Inc. has a one year low of $81.16 and a one year high of $117.70.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.06. The company had revenue of $17.42 billion for the quarter, compared to the consensus estimate of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $1.05 earnings per share. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 5.11 EPS for the current fiscal year.

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About Lowe’s Companies

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

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

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