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

Parkside Financial Bank & Trust increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,178 shares of the home improvement retailer’s stock after buying an additional 82 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Lowe’s Companies were worth $2,265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies in the third quarter worth approximately $27,000. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $31,000. JNBA Financial Advisors lifted its holdings in Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, Winch Advisory Services LLC boosted its position in shares of Lowe’s Companies by 56.4% in the fourth 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. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $245.87 on Friday. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock’s 50 day simple moving average is $252.50 and its two-hundred day simple moving average is $258.77. The company has a market cap of $138.83 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data 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. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. Equities research analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analysts Set New Price Targets

LOW has been the topic of several recent analyst reports. Evercore ISI raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Barclays upped their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Wells Fargo & Company upped their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Truist Financial dropped their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $280.83.

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.