Curio Wealth LLC Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Curio Wealth LLC acquired a new stake in Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 293 shares of the home improvement retailer’s stock, valued at approximately $72,000.

Other institutional investors also recently made changes to their positions in the company. StoneX Group Inc. purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth about $2,713,000. Principal Financial Group Inc. raised its holdings in Lowe’s Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock worth $175,944,000 after buying an additional 24,812 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in shares of Lowe’s Companies by 288.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock worth $4,696,000 after acquiring an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Lowe’s Companies by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after acquiring an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of Lowe’s Companies by 2.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after acquiring an additional 501 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LOW shares. Royal Bank of Canada cut their target price on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Truist Financial dropped their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. StockNews.com downgraded shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE LOW opened at $224.64 on Monday. The stock has a market capitalization of $126.84 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The firm’s 50 day simple moving average is $250.18 and its 200-day simple moving average is $258.63.

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

About Lowe’s Companies

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.