Commerzbank Aktiengesellschaft FI Purchases 1,299 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Commerzbank Aktiengesellschaft FI raised its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 13.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,688 shares of the home improvement retailer’s stock after buying an additional 1,299 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Lowe’s Companies were worth $2,638,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. IFS Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $27,000. Winch Advisory Services LLC lifted 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 purchasing an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $31,000. Finally, JNBA Financial Advisors grew its stake in shares of Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

LOW has been the topic of several analyst reports. Wells Fargo & Company boosted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BNP Paribas upgraded shares of Lowe’s Companies to a “strong sell” rating in a research note on Thursday, February 27th. Truist Financial reduced their price objective on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Bank of America decreased their target price on shares of Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, Royal Bank of Canada cut their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Trading Down 1.2 %

Shares of NYSE LOW opened at $245.64 on Tuesday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market capitalization of $138.70 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The firm has a 50 day moving average of $252.49 and a 200 day moving average of $259.24.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping 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 company had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.29 billion. Sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Profile

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.