Fiera Capital Corp lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,168,249 shares of the home improvement retailer’s stock after selling 28,923 shares during the quarter. Fiera Capital Corp owned 0.15% of Lowe’s Companies worth $107,901,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CNB Bank bought a new stake in Lowe’s Companies during the fourth quarter worth about $46,000. Ironwood Financial llc grew its stake in 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 buying an additional 342 shares during the last quarter. Contravisory Investment Management Inc. grew its stake in 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 buying an additional 512 shares during the last quarter. Mascoma Wealth Management LLC grew its stake in 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 buying an additional 300 shares during the last quarter. Finally, Athena Capital Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth about $66,000. 74.78% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Lowe’s Companies from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. ValuEngine raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Wedbush upped their price objective on shares of Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Finally, Loop Capital upped their target price on shares of Lowe’s Companies from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Wednesday, February 27th. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $113.13.

Shares of NYSE LOW opened at $101.17 on Thursday. Lowe’s Companies, Inc. has a fifty-two week low of $81.16 and a fifty-two week high of $117.70. The company has a market capitalization of $80.99 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.17 and a beta of 1.27. The company has a current ratio of 0.98, a quick ratio of 0.11 and a debt-to-equity ratio of 3.95.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The business had revenue of $15.65 billion for the quarter, compared to analyst estimates of $15.75 billion. During the same period in the prior year, the business posted $0.74 earnings per share. Lowe’s Companies’s revenue was up 1.0% compared to the same quarter last year. Research analysts predict that Lowe’s Companies, Inc. will post 6.06 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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