Boston Family Office LLC reduced its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW) by 3.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 43,599 shares of the home improvement retailer’s stock after selling 1,645 shares during the period. Boston Family Office LLC’s holdings in Lowe's Companies were worth $4,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Lowe's Companies in the second quarter worth approximately $233,000. Stonehearth Capital Management LLC bought a new position in shares of Lowe's Companies in the fourth quarter worth approximately $112,000. Atlantic Trust LLC bought a new position in shares of Lowe's Companies in the second quarter worth approximately $105,000. IHT Wealth Management LLC boosted its position in shares of Lowe's Companies by 8.7% in the second quarter. IHT Wealth Management LLC now owns 1,368 shares of the home improvement retailer’s stock worth $154,000 after purchasing an additional 110 shares during the period. Finally, Cerebellum GP LLC bought a new position in shares of Lowe's Companies in the fourth quarter worth approximately $129,000. 72.41% of the stock is owned by institutional investors and hedge funds.

In other news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

A number of equities analysts have weighed in on LOW shares. Royal Bank of Canada reiterated a “buy” rating and issued a $84.00 price target on shares of Lowe's Companies in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Wednesday, November 1st. Credit Suisse Group set a $88.00 target price on shares of Lowe's Companies and gave the stock a “hold” rating in a research report on Friday, November 24th. KeyCorp began coverage on shares of Lowe's Companies in a research report on Monday, November 6th. They set an “overweight” rating and a $98.00 target price for the company. Finally, Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have given a buy rating to the stock. Lowe's Companies has a consensus rating of “Buy” and an average target price of $96.35.

Shares of Lowe's Companies, Inc. (LOW) opened at $96.06 on Wednesday. Lowe's Companies, Inc. has a 12 month low of $70.76 and a 12 month high of $108.98. The firm has a market cap of $79,710.00, a price-to-earnings ratio of 23.09, a PEG ratio of 0.91 and a beta of 1.19. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71.

Lowe's Companies (NYSE:LOW) last announced its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The business had revenue of $16.77 billion for the quarter, compared to the consensus estimate of $16.59 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts expect that Lowe's Companies, Inc. will post 4.53 EPS for the current year.

Lowe's Companies announced that its Board of Directors has authorized a stock buyback plan on Friday, January 26th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the home improvement retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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Lowe's Companies Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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