Hickory Point Bank & Trust Invests $463,000 in Lowe’s Companies, Inc. (NYSE:LOW)

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

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LOW. Bank of America decreased their target price on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler decreased their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research report on Thursday. Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday. Finally, DA Davidson raised their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Trading Up 1.3 %

NYSE:LOW opened at $248.71 on Friday. The firm has a market cap of $140.43 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock has a fifty day moving average price of $252.52 and a 200 day moving average price of $259.05. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $18.55 billion during 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%. Equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

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.