Greykasell Wealth Strategies Inc. Takes Position in Lowe’s Companies, Inc. (NYSE:LOW)

Greykasell Wealth Strategies Inc. bought a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,296 shares of the home improvement retailer’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hills Bank & Trust Co boosted its position in shares of Lowe’s Companies by 7.1% during the 4th quarter. Hills Bank & Trust Co now owns 1,839 shares of the home improvement retailer’s stock worth $454,000 after purchasing an additional 122 shares in the last quarter. United Capital Management of KS Inc. boosted its holdings in Lowe’s Companies by 3.5% in the fourth quarter. United Capital Management of KS Inc. now owns 31,349 shares of the home improvement retailer’s stock worth $7,737,000 after acquiring an additional 1,049 shares in the last quarter. Greatmark Investment Partners Inc. grew its stake in Lowe’s Companies by 2.1% in the fourth quarter. Greatmark Investment Partners Inc. now owns 81,837 shares of the home improvement retailer’s stock valued at $20,197,000 after acquiring an additional 1,695 shares during the period. Brown Miller Wealth Management LLC increased its holdings in shares of Lowe’s Companies by 0.3% during the fourth quarter. Brown Miller Wealth Management LLC now owns 17,654 shares of the home improvement retailer’s stock valued at $4,357,000 after acquiring an additional 60 shares in the last quarter. Finally, Renasant Bank increased its holdings in shares of Lowe’s Companies by 76.4% during the fourth quarter. Renasant Bank now owns 1,383 shares of the home improvement retailer’s stock valued at $341,000 after acquiring an additional 599 shares in the last quarter. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $224.64 on Friday. The stock has a market capitalization of $126.84 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock’s 50-day simple moving average is $250.18 and its 200 day simple moving average is $258.49.

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

Analysts Set New Price Targets

Several research analysts have weighed in on LOW shares. Truist Financial lowered their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Wedbush reiterated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. StockNews.com downgraded Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Guggenheim restated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.