Hickory Point Bank & Trust Acquires New Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Hickory Point Bank & Trust acquired a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,878 shares of the home improvement retailer’s stock, valued at approximately $463,000.

Other large investors also recently bought and sold shares of the company. Principal Securities Inc. lifted its holdings in shares of Lowe’s Companies by 20.1% in the 3rd quarter. Principal Securities Inc. now owns 10,706 shares of the home improvement retailer’s stock worth $2,900,000 after buying an additional 1,792 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Lowe’s Companies by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,707 shares of the home improvement retailer’s stock worth $1,546,000 after buying an additional 111 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Lowe’s Companies by 15.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 8,166 shares of the home improvement retailer’s stock worth $2,212,000 after buying an additional 1,075 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Lowe’s Companies by 1.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock worth $703,000 after buying an additional 41 shares during the period. Finally, Silvant Capital Management LLC purchased a new stake in shares of Lowe’s Companies in the 3rd quarter worth $53,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $248.71 on Friday. The stock’s 50-day simple moving average is $252.52 and its 200-day simple moving average is $259.05. The firm has a market capitalization of $140.43 billion, a PE ratio of 20.74, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The business 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%. Sell-side analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LOW. Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Bank of America lowered their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a report on Wednesday. Mizuho reduced their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Piper Sandler reduced their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.83.

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.