Cibc World Markets Corp Purchases 12,180 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Cibc World Markets Corp increased its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,538 shares of the home improvement retailer’s stock after buying an additional 12,180 shares during the period. Cibc World Markets Corp’s holdings in Lowe’s Companies were worth $22,098,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFS Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth about $27,000. Winch Advisory Services LLC boosted its stake in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies in the 4th quarter valued at approximately $31,000. Finally, Financial Life Planners acquired a new position in shares of Lowe’s Companies during the fourth quarter worth approximately $45,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOW. Mizuho lowered their price objective on shares of Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada dropped their price objective on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. DA Davidson increased their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Bank of America lowered their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Sanford C. Bernstein raised their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Price Performance

LOW opened at $225.85 on Tuesday. The stock has a market capitalization of $127.53 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. The company’s 50 day simple moving average is $249.71 and its 200-day simple moving average is $258.48. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion for 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%. As a group, 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.