Hills Bank & Trust Co Acquires 122 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Hills Bank & Trust Co increased its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,839 shares of the home improvement retailer’s stock after purchasing an additional 122 shares during the period. Hills Bank & Trust Co’s holdings in Lowe’s Companies were worth $454,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $27,000. Winch Advisory Services LLC boosted its holdings in shares of 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 acquiring an additional 44 shares during the period. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $31,000. Finally, Financial Life Planners bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $45,000. 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. Royal Bank of Canada reduced their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Sanford C. Bernstein lifted 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. Bank of America dropped their price target 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. Truist Financial dropped their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, Piper Sandler dropped their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $224.64 on Friday. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market cap of $126.84 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12. The firm’s 50-day simple moving average is $250.18 and its 200 day simple moving average is $258.56.

Lowe’s Companies (NYSE:LOW) last announced its quarterly 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 net margin of 8.19% and a negative return on equity of 47.55%. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.