Maple Capital Management Inc. Has $213,000 Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Maple Capital Management Inc. boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 863 shares of the home improvement retailer’s stock after buying an additional 85 shares during the quarter. Maple Capital Management Inc.’s holdings in Lowe’s Companies were worth $213,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the third quarter valued at about $27,000. IFS Advisors LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $25,000. Marshall Investment Management LLC acquired a new stake in shares of Lowe’s Companies during the fourth quarter valued at about $31,000. JNBA Financial Advisors boosted its stake in shares of 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 stake 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 in the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LOW has been the topic of a number of recent research reports. Piper Sandler cut their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday. Sanford C. Bernstein boosted their price objective on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Truist Financial cut their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday. DA Davidson boosted their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $248.71 on Friday. The stock has a market capitalization of $140.43 billion, a PE ratio of 20.74, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01. The business has a 50-day moving average of $252.52 and a 200 day moving average of $258.89.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The company had revenue of $18.55 billion during 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%. Analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Lowe’s Companies Company 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.