CoreFirst Bank & Trust Buys Shares of 8,663 Lowe’s Companies, Inc. (NYSE:LOW)

CoreFirst Bank & Trust purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,663 shares of the home improvement retailer’s stock, valued at approximately $2,138,000. Lowe’s Companies comprises 1.3% of CoreFirst Bank & Trust’s holdings, making the stock its 24th largest position.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter valued at approximately $27,000. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies during the 4th quarter valued at about $25,000. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $31,000. Winch Advisory Services LLC increased its holdings in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in Lowe’s Companies during the 4th quarter worth approximately $44,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LOW. Evercore ISI increased their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Bank of America dropped their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada reduced their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday, February 26th. Finally, BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $227.09 on Monday. The business’s 50 day moving average price is $247.99 and its 200-day moving average price is $257.88. The firm has a market capitalization of $128.23 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.10. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. On average, sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe’s Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.03%. Lowe’s Companies’s dividend payout ratio is currently 37.67%.

Lowe’s Companies Company 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.