IHT Wealth Management LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

IHT Wealth Management LLC raised its position in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 17.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,421 shares of the home improvement retailer’s stock after acquiring an additional 1,107 shares during the quarter. IHT Wealth Management LLC’s holdings in Lowe’s Companies were worth $1,394,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Lowe’s Companies by 7,952.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,586,400 shares of the home improvement retailer’s stock valued at $320,754,000 after purchasing an additional 1,566,700 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lowe’s Companies by 2,072.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,078,468 shares of the home improvement retailer’s stock valued at $218,055,000 after purchasing an additional 1,028,827 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Lowe’s Companies by 13.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,916,354 shares of the home improvement retailer’s stock valued at $1,486,770,000 after purchasing an additional 912,518 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Lowe’s Companies by 209.0% during the 1st quarter. First Trust Advisors LP now owns 1,219,542 shares of the home improvement retailer’s stock valued at $246,579,000 after purchasing an additional 824,915 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Lowe’s Companies by 44.3% during the 2nd quarter. Deutsche Bank AG now owns 2,324,728 shares of the home improvement retailer’s stock valued at $406,063,000 after purchasing an additional 713,735 shares in the last quarter. Hedge funds and other institutional investors own 72.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LOW. The Goldman Sachs Group lifted their target price on shares of Lowe’s Companies from $241.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, December 7th. Robert W. Baird cut their target price on shares of Lowe’s Companies from $250.00 to $235.00 in a research note on Wednesday, March 1st. Credit Suisse Group began coverage on shares of Lowe’s Companies in a research note on Monday, December 19th. They set a “neutral” rating and a $210.00 price objective on the stock. Loop Capital dropped their price objective on shares of Lowe’s Companies from $210.00 to $200.00 in a research note on Friday, December 9th. Finally, Citigroup dropped their price objective on shares of Lowe’s Companies from $215.00 to $210.00 in a research note on Friday, March 3rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $224.81.

Insider Buying and Selling

In related news, EVP Donald Frieson sold 9,411 shares of the firm’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $197.00, for a total value of $1,853,967.00. Following the transaction, the executive vice president now owns 17,888 shares of the company’s stock, valued at approximately $3,523,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by insiders.

Lowe’s Companies Trading Up 0.5 %

Shares of LOW opened at $199.67 on Friday. Lowe’s Companies, Inc. has a twelve month low of $170.12 and a twelve month high of $238.37. The company has a market cap of $123.94 billion, a P/E ratio of 19.95, a P/E/G ratio of 1.13 and a beta of 1.10. The company’s fifty day simple moving average is $205.84 and its 200-day simple moving average is $201.06.

Lowe’s Companies (NYSE:LOW – Get Rating) last announced its earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.07. Lowe’s Companies had a net margin of 6.63% and a negative return on equity of 82.30%. The business had revenue of $22.40 billion for the quarter, compared to the consensus estimate of $22.71 billion. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts predict that Lowe’s Companies, Inc. will post 13.87 earnings per share for the current fiscal year.

Lowe’s Companies Company Profile

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.