Lowe’s Companies, Inc. (NYSE:LOW) Holdings Lowered by Peninsula Asset Management Inc.

Peninsula Asset Management Inc. decreased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,489 shares of the home improvement retailer’s stock after selling 420 shares during the quarter. Lowe’s Companies makes up 4.0% of Peninsula Asset Management Inc.’s holdings, making the stock its 6th largest position. Peninsula Asset Management Inc.’s holdings in Lowe’s Companies were worth $7,525,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LOW. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies in the 3rd quarter worth about $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $31,000. Winch Advisory Services LLC raised its holdings in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Finally, Financial Life Planners acquired a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on LOW. Truist Financial reduced their target price on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Stifel Nicolaus increased their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Piper Sandler reduced their target price on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. DA Davidson increased their price target on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Trading Up 0.9 %

Shares of NYSE LOW opened at $224.64 on Friday. The stock has a market cap of $126.84 billion, a P/E ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The business’s fifty day simple moving average is $250.18 and its 200-day simple moving average is $258.49.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, equities analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal 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.