MADDEN SECURITIES Corp Invests $166,000 in Lowe’s Companies, Inc. (NYSE:LOW)

MADDEN SECURITIES Corp acquired a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 833 shares of the home improvement retailer’s stock, valued at approximately $166,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. EWG Elevate Inc. purchased a new position in shares of Lowe’s Companies during the fourth quarter worth $60,000. Glassy Mountain Advisors Inc. acquired a new position in Lowe’s Companies during the fourth quarter worth about $7,694,000. Phocas Financial Corp. boosted its position in Lowe’s Companies by 3.2% during the fourth quarter. Phocas Financial Corp. now owns 2,230 shares of the home improvement retailer’s stock worth $444,000 after acquiring an additional 70 shares during the last quarter. RB Capital Management LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at about $216,000. Finally, Vigilare Wealth Management acquired a new position in Lowe’s Companies in the 4th quarter valued at about $210,000. 72.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Donald Frieson sold 9,411 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 17,888 shares in the company, valued at approximately $3,523,936. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.24% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE:LOW traded down $2.31 during trading hours on Friday, reaching $197.36. The stock had a trading volume of 7,271,376 shares, compared to its average volume of 3,178,252. Lowe’s Companies, Inc. has a 1 year low of $170.12 and a 1 year high of $238.37. The firm’s 50 day moving average is $205.77 and its 200-day moving average is $201.03. The stock has a market capitalization of $122.50 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 1.13 and a beta of 1.10.

Lowe’s Companies (NYSE:LOW – Get Rating) last issued its earnings results on Wednesday, March 1st. The home improvement retailer reported $2.28 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $22.71 billion. During the same quarter in the prior year, the business posted $1.78 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Lowe’s Companies, Inc. will post 13.87 EPS for the current year.

Analyst Upgrades and Downgrades

LOW has been the topic of several recent analyst reports. Loop Capital decreased their target price on shares of Lowe’s Companies from $210.00 to $200.00 in a report on Friday, December 9th. Sanford C. Bernstein initiated coverage on shares of Lowe’s Companies in a report on Tuesday, December 6th. They issued a “market perform” rating and a $237.00 target price on the stock. Oppenheimer decreased their target price on shares of Lowe’s Companies from $300.00 to $275.00 in a report on Tuesday, February 28th. Roth Capital restated a “neutral” rating on shares of Lowe’s Companies in a report on Wednesday, March 1st. Finally, Telsey Advisory Group decreased their price objective on shares of Lowe’s Companies from $250.00 to $235.00 and set an “outperform” rating on the stock in a report on Thursday, March 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Hold” and a consensus price target of $224.81.

About Lowe’s Companies

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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.