New York Life Investment Management LLC Trims Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

New York Life Investment Management LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 84,359 shares of the home improvement retailer’s stock after selling 171 shares during the period. New York Life Investment Management LLC’s holdings in Lowe’s Companies were worth $20,820,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LOW. Klingenstein Fields & Co. LP grew its position in Lowe’s Companies by 1.0% during the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock valued at $1,012,000 after acquiring an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Lowe’s Companies by 0.5% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock valued at $2,021,000 after purchasing an additional 40 shares in the last quarter. Powers Advisory Group LLC grew its holdings in shares of Lowe’s Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after purchasing an additional 40 shares during the period. Saxony Capital Management LLC increased its position in Lowe’s Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after purchasing an additional 40 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in Lowe’s Companies by 1.6% in the third quarter. Chicago Partners Investment Group LLC now owns 2,604 shares of the home improvement retailer’s stock valued at $703,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Up 2.0 %

Shares of NYSE LOW opened at $247.16 on Thursday. The stock’s 50 day moving average price is $252.48 and its two-hundred day moving average price is $258.86. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The stock has a market capitalization of $139.56 billion, a P/E ratio of 20.61, a PEG ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. On average, analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Wall Street Analysts Forecast Growth

LOW has been the subject of several recent research reports. Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised 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. Evercore ISI upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. Truist Financial raised their target price on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada upped their price target on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $282.96.

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.