Lowe’s Companies, Inc. $LOW Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 27.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 70,823 shares of the home improvement retailer’s stock after acquiring an additional 15,454 shares during the quarter. NEOS Investment Management LLC’s holdings in Lowe’s Companies were worth $17,799,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after buying an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Lowe’s Companies by 31.6% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after acquiring an additional 259 shares during the period. Sivia Capital Partners LLC raised its holdings in Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after purchasing an additional 280 shares in the last quarter. United Bank raised its holdings in Lowe’s Companies by 1.3% during the second quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its position in Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock worth $528,000 after purchasing an additional 275 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOW. TD Cowen lifted their price target on Lowe’s Companies from $250.00 to $295.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. DA Davidson lowered their target price on Lowe’s Companies from $266.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Morgan Stanley boosted their price target on shares of Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Telsey Advisory Group cut their price target on shares of Lowe’s Companies from $305.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Finally, Sanford C. Bernstein lifted their price objective on shares of Lowe’s Companies from $282.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Twenty research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $287.22.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were 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 owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Lowe’s Companies Stock Down 2.3%

NYSE:LOW opened at $280.80 on Wednesday. The stock has a fifty day simple moving average of $262.65 and a 200 day simple moving average of $252.73. The firm has a market capitalization of $157.51 billion, a price-to-earnings 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 1-year low of $206.38 and a 1-year high of $293.06.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, November 26th. The home improvement retailer reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a negative return on equity of 55.86% and a net margin of 8.05%.The firm had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter in the previous year, the company earned $2.89 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current 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.