Arizona State Retirement System Has $40.54 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Arizona State Retirement System grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,253 shares of the home improvement retailer’s stock after purchasing an additional 867 shares during the quarter. Arizona State Retirement System’s holdings in Lowe’s Companies were worth $40,538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LOW. Chicago Partners Investment Group LLC increased its position in shares of Lowe’s Companies by 1.6% during 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 acquiring an additional 41 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Lowe’s Companies during the third quarter worth about $103,000. FSM Wealth Advisors LLC raised its position in Lowe’s Companies by 11.8% in the third quarter. FSM Wealth Advisors LLC now owns 1,506 shares of the home improvement retailer’s stock worth $408,000 after acquiring an additional 159 shares during the period. ASB Consultores LLC raised its holdings in shares of Lowe’s Companies by 5.4% in the 3rd quarter. ASB Consultores LLC now owns 1,049 shares of the home improvement retailer’s stock worth $284,000 after purchasing an additional 54 shares during the period. Finally, Crestwood Advisors Group LLC grew its holdings in Lowe’s Companies by 5.8% during the third quarter. Crestwood Advisors Group LLC now owns 8,735 shares of the home improvement retailer’s stock valued at $2,366,000 after purchasing an additional 477 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Guggenheim reiterated a “buy” rating and issued a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Barclays raised their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th. Truist Financial decreased their price objective on Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, Wells Fargo & Company raised their price target on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Performance

LOW opened at $239.71 on Wednesday. The stock has a market capitalization of $135.35 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock’s 50 day moving average price is $252.28 and its 200-day moving average price is $259.23. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results 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 net margin of 8.19% and a negative return on equity of 47.55%. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal 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.