Lowe’s Companies, Inc. $LOW Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,787 shares of the home improvement retailer’s stock after selling 2,064 shares during the period. New York Life Investment Management LLC’s holdings in Lowe’s Companies were worth $20,554,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Howard Hughes Medical Institute acquired a new stake in shares of Lowe’s Companies in the 2nd quarter worth approximately $27,000. Solstein Capital LLC increased its stake in shares of Lowe’s Companies by 627.8% during the second quarter. Solstein Capital LLC now owns 131 shares of the home improvement retailer’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Activest Wealth Management raised its holdings in Lowe’s Companies by 78.5% during the third quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Traub Capital Management LLC acquired a new stake in Lowe’s Companies in the second quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Lowe’s Companies by 128.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer’s stock valued at $30,000 after purchasing an additional 76 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Argus dropped their price objective on Lowe’s Companies from $290.00 to $286.00 and set a “buy” rating on the stock in a research note on Tuesday, December 2nd. Morgan Stanley boosted their price target on shares of Lowe’s Companies from $270.00 to $296.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Royal Bank Of Canada reduced their price objective on shares of Lowe’s Companies from $260.00 to $252.00 and set a “sector perform” rating for the company in a research report on Thursday, November 20th. Wolfe Research lowered their price objective on shares of Lowe’s Companies from $285.00 to $284.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Truist Financial set a $295.00 target price on shares of Lowe’s Companies in a research note on Friday, January 16th. Nineteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $284.77.

Insider Buying and Selling at Lowe’s Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $261.17, for a total transaction of $4,701,060.00. Following the transaction, the chief executive officer directly owned 231,043 shares of the company’s stock, valued at approximately $60,341,500.31. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $278.02 on Monday. Lowe’s Companies, Inc. has a fifty-two week low of $206.38 and a fifty-two week high of $281.36. The firm’s 50 day simple moving average is $257.24 and its 200-day simple moving average is $249.92. The company has a market cap of $155.96 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 4.35 and a beta of 0.97.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating the consensus estimate of $2.97 by $0.09. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $20.88 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Wednesday, January 21st were issued a dividend of $1.20 per share. The ex-dividend date was Wednesday, January 21st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.7%. Lowe’s Companies’s payout ratio is currently 39.80%.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.