Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Nwam LLC

Nwam LLC lessened its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,546 shares of the home improvement retailer’s stock after selling 402 shares during the period. Nwam LLC’s holdings in Lowe’s Companies were worth $1,616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. AMF Tjanstepension AB lifted its stake in shares of Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Lodestar Private Asset Management LLC acquired a new position in shares of Lowe’s Companies in the third quarter worth about $204,000. Cornerstone Wealth Group LLC lifted its stake in shares of Lowe’s Companies by 0.8% in the third quarter. Cornerstone Wealth Group LLC now owns 25,852 shares of the home improvement retailer’s stock worth $7,002,000 after acquiring an additional 195 shares in the last quarter. Solidarity Wealth LLC acquired a new position in shares of Lowe’s Companies in the third quarter worth about $203,000. Finally, Goldstone Financial Group LLC acquired a new position in shares of Lowe’s Companies in the third quarter worth about $203,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $245.87 on Friday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market capitalization of $138.83 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The business has a 50 day simple moving average of $252.50 and a 200 day simple moving average of $258.77.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $18.29 billion. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Sanford C. Bernstein boosted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Guggenheim reissued a “buy” rating and issued a $300.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. 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 report on Wednesday, December 11th. Wedbush reissued a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, Truist Financial lowered their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating for the company in a report on Thursday. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $280.83.

About Lowe’s Companies

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.