OVERSEA CHINESE BANKING Corp Ltd Invests $220,000 in Lowe’s Companies, Inc. (NYSE:LOW)

OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 890 shares of the home improvement retailer’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brooklyn FI LLC purchased a new position in Lowe’s Companies in the 4th quarter worth approximately $820,000. Enhancing Capital LLC acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $617,000. Xponance Inc. raised its position in shares of Lowe’s Companies by 3.0% during the 4th quarter. Xponance Inc. now owns 89,365 shares of the home improvement retailer’s stock valued at $22,055,000 after acquiring an additional 2,568 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in shares of Lowe’s Companies during the 4th quarter valued at approximately $8,914,000. Finally, Horizon Investments LLC raised its position in shares of Lowe’s Companies by 1.9% during the 4th quarter. Horizon Investments LLC now owns 10,321 shares of the home improvement retailer’s stock valued at $2,536,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler dropped their price target on Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Evercore ISI upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $305.00 target price on shares of Lowe’s Companies in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Up 0.3 %

Shares of LOW stock opened at $226.17 on Friday. The stock has a 50-day simple moving average of $248.40 and a 200 day simple moving average of $257.85. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The stock has a market capitalization of $127.70 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $18.55 billion during the quarter, compared to analysts’ expectations of $18.29 billion. On average, sell-side analysts anticipate that Lowe’s Companies, Inc. will post 11.9 earnings per share 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.