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

Simmons Bank lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,833 shares of the home improvement retailer’s stock after selling 198 shares during the quarter. Simmons Bank’s holdings in Lowe’s Companies were worth $5,388,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. StoneX Group Inc. purchased a new position in Lowe’s Companies in the third quarter valued at about $2,713,000. Principal Financial Group Inc. grew its stake in shares of Lowe’s Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer’s stock valued at $175,944,000 after buying an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC raised its holdings in shares of Lowe’s Companies by 288.6% during the 4th quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer’s stock valued at $4,696,000 after buying an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Lowe’s Companies by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer’s stock worth $98,104,000 after acquiring an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in Lowe’s Companies by 2.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer’s stock worth $4,894,000 after acquiring an additional 501 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

LOW stock opened at $242.33 on Wednesday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market capitalization of $136.83 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.96 and a beta of 1.11. The stock’s fifty day moving average is $252.53 and its two-hundred day moving average is $258.94.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LOW shares. Wells Fargo & Company lifted their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Truist Financial lifted their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Sanford C. Bernstein increased their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada raised their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Finally, Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Lowe’s Companies 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.