Parkside Financial Bank & Trust Raises Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Parkside Financial Bank & Trust lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,178 shares of the home improvement retailer’s stock after purchasing an additional 82 shares during the period. Parkside Financial Bank & Trust’s holdings in Lowe’s Companies were worth $2,265,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research analysts have commented on LOW shares. DA Davidson raised their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Sanford C. Bernstein increased their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Piper Sandler dropped 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday. Finally, Wells Fargo & Company increased their target price on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $245.87 on Friday. The firm has a market capitalization of $138.83 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The business has a fifty day moving average of $252.50 and a 200 day moving average of $258.77. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Lowe’s Companies (NYSE:LOW) last released 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 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%. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

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.