Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Simmons Bank

Simmons Bank cut its position in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,833 shares of the home improvement retailer’s stock after selling 198 shares during the period. Simmons Bank’s holdings in Lowe’s Companies were worth $5,388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LOW. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies during the 3rd quarter worth approximately $27,000. Winch Advisory Services LLC increased its position in Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after buying an additional 44 shares during the period. Marshall Investment Management LLC purchased a new stake in Lowe’s Companies in the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors boosted its holdings in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on LOW. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, February 20th. Mizuho boosted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Wedbush reaffirmed a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Stock Performance

LOW stock opened at $242.33 on Wednesday. The stock’s 50 day moving average price is $252.53 and its 200 day moving average price is $258.94. The firm has a market cap of $136.83 billion, a P/E ratio of 20.21, a PEG ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

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.