Lowe’s Companies, Inc. (NYSE:LOW) is City Holding Co.’s 7th Largest Position

City Holding Co. lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOWFree Report) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,457 shares of the home improvement retailer’s stock after selling 1,846 shares during the quarter. Lowe’s Companies makes up approximately 1.9% of City Holding Co.’s holdings, making the stock its 7th largest holding. City Holding Co.’s holdings in Lowe’s Companies were worth $11,897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in Lowe’s Companies in the 3rd quarter valued at about $26,000. VisionPoint Advisory Group LLC lifted its stake in shares of Lowe’s Companies by 85.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Sanctuary Wealth Management L.L.C. acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $35,000. Itau Unibanco Holding S.A. acquired a new position in Lowe’s Companies during the 3rd quarter worth approximately $40,000. Finally, True Wealth Design LLC acquired a new position in Lowe’s Companies during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 71.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LOW shares. Truist Financial lifted their price objective on Lowe’s Companies from $244.00 to $258.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Royal Bank of Canada boosted their price target on Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a report on Wednesday, February 28th. The Goldman Sachs Group boosted their price target on Lowe’s Companies from $238.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Mizuho started coverage on Lowe’s Companies in a report on Tuesday. They issued a “buy” rating and a $280.00 price target for the company. Finally, Evercore ISI boosted their price target on Lowe’s Companies from $205.00 to $210.00 and gave the company an “in-line” rating in a report on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $248.12.

Get Our Latest Research Report on LOW

Lowe’s Companies Stock Up 1.9 %

NYSE:LOW opened at $248.06 on Wednesday. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $248.55. The firm has a market capitalization of $142.66 billion, a P/E ratio of 18.85, a P/E/G ratio of 1.80 and a beta of 1.13. The stock’s fifty day simple moving average is $227.91 and its 200-day simple moving average is $214.88.

Lowe’s Companies (NYSE:LOWGet Free Report) last posted its earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The company’s revenue for the quarter was down 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.28 earnings per share. As a group, equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current year.

Lowe’s Companies Company Profile

(Free Report)

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, d├ęcor, and electrical.

Further Reading

Institutional Ownership by Quarter for Lowe's Companies (NYSE:LOW)

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