BankPlus Trust Department Purchases New Position in Lowe's Companies, Inc. (NYSE:LOW)

BankPlus Trust Department purchased a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,648 shares of the home improvement retailer's stock, valued at approximately $1,394,000.

Other institutional investors have also recently made changes to their positions in the company. IFS Advisors LLC purchased a new stake in Lowe's Companies during the fourth quarter worth about $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe's Companies during the third quarter valued at about $27,000. Winch Advisory Services LLC boosted its holdings in Lowe's Companies by 56.4% in the 4th 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 period. Marshall Investment Management LLC bought a new stake in Lowe's Companies during the fourth quarter valued at $31,000. Finally, JNBA Financial Advisors raised its stake in Lowe's Companies by 555.6% in 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. Institutional investors own 74.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their price objective on Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Wedbush reiterated a "neutral" rating and issued a $250.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. Stifel Nicolaus boosted their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Mizuho boosted their target price on shares of Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Finally, Barclays boosted their price target on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $282.96.

Lowe's Companies Price Performance

Shares of NYSE:LOW traded up $4.77 during trading on Wednesday, hitting $247.16. The company's stock had a trading volume of 4,663,678 shares, compared to its average volume of 2,386,277. The firm has a market cap of $139.56 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.96 and a beta of 1.11. Lowe's Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a 50-day moving average of $252.48 and a 200-day moving average of $258.86.

Lowe's Companies (NYSE:LOW - Get Free Report) last released 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 net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share 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.