Freestone Capital Holdings LLC Has $4.08 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Freestone Capital Holdings LLC raised its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,514 shares of the home improvement retailer’s stock after acquiring an additional 54 shares during the period. Freestone Capital Holdings LLC’s holdings in Lowe’s Companies were worth $4,076,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Klingenstein Fields & Co. LP increased its stake in shares of Lowe’s Companies by 1.0% in the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after purchasing an additional 39 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Lowe’s Companies by 0.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock valued at $2,021,000 after purchasing an additional 40 shares during the last quarter. Saxony Capital Management LLC increased its stake in shares of Lowe’s Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after purchasing an additional 40 shares during the last quarter. Powers Advisory Group LLC increased its stake in shares of Lowe’s Companies by 2.7% in the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the last quarter. Finally, Cordatus Wealth Management LLC increased its stake in shares of Lowe’s Companies by 0.3% in the 4th quarter. Cordatus Wealth Management LLC now owns 15,012 shares of the home improvement retailer’s stock valued at $3,705,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

LOW has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Truist Financial reduced their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company boosted their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. BNP Paribas upgraded Lowe’s Companies to a “strong sell” rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $242.82 on Thursday. The company has a market capitalization of $137.11 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.96 and a beta of 1.11. The business’s 50-day moving average is $252.13 and its 200-day moving average is $259.12. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The company had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Profile

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