Renasant Bank Has $341,000 Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Renasant Bank boosted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 76.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,383 shares of the home improvement retailer’s stock after purchasing an additional 599 shares during the period. Renasant Bank’s holdings in Lowe’s Companies were worth $341,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter valued at about $27,000. IFS Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new position in Lowe’s Companies during the fourth quarter valued at approximately $31,000. Winch Advisory Services LLC raised its position in shares of Lowe’s Companies by 56.4% in 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 period. Finally, Financial Life Planners acquired a new stake in shares of Lowe’s Companies in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 2.6 %

Shares of LOW stock opened at $222.47 on Friday. The company has a market capitalization of $125.62 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a 50-day moving average price of $250.66 and a 200 day moving average price of $258.67.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (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 net margin of 8.19% and a negative return on equity of 47.55%. As a group, research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LOW shares. DA Davidson lifted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Stifel Nicolaus increased their target price 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. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reduced their price objective on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

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.