Lowe’s Companies, Inc. $LOW Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 89.3% during the third quarter, Holdings Channel reports. The institutional investor owned 48,505 shares of the home improvement retailer’s stock after selling 406,525 shares during the quarter. Public Sector Pension Investment Board’s holdings in Lowe’s Companies were worth $12,190,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Waterloo Capital L.P. increased its position in shares of Lowe’s Companies by 1.2% in the 2nd quarter. Waterloo Capital L.P. now owns 3,455 shares of the home improvement retailer’s stock valued at $767,000 after purchasing an additional 41 shares during the last quarter. TruWealth Advisors LLC increased its holdings in Lowe’s Companies by 2.7% in the third quarter. TruWealth Advisors LLC now owns 1,580 shares of the home improvement retailer’s stock valued at $397,000 after buying an additional 42 shares during the last quarter. Cypress Wealth Services LLC increased its holdings in Lowe’s Companies by 2.0% in the third quarter. Cypress Wealth Services LLC now owns 2,191 shares of the home improvement retailer’s stock valued at $551,000 after buying an additional 42 shares during the last quarter. Hidden Cove Wealth Management LLC raised its stake in Lowe’s Companies by 4.6% in the third quarter. Hidden Cove Wealth Management LLC now owns 960 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 42 shares in the last quarter. Finally, Roble Belko & Company Inc lifted its holdings in Lowe’s Companies by 21.4% during the 3rd quarter. Roble Belko & Company Inc now owns 250 shares of the home improvement retailer’s stock worth $63,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling

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

Lowe’s Companies Trading Up 0.6%

Shares of NYSE LOW opened at $287.36 on Monday. The stock has a market cap of $161.19 billion, a P/E ratio of 23.83, a P/E/G ratio of 4.48 and a beta of 0.97. The stock has a 50 day moving average of $261.04 and a two-hundred day moving average of $251.90. Lowe’s Companies, Inc. has a twelve month low of $206.38 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 26th. The home improvement retailer reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.09. The business had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $20.88 billion. Lowe’s Companies had a net margin of 8.05% and a negative return on equity of 55.86%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.89 EPS. As a group, research analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on LOW shares. Barclays upgraded Lowe’s Companies from an “equal weight” rating to an “overweight” rating and set a $285.00 price objective on the stock in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Lowe’s Companies in a research note on Monday, December 29th. Citigroup raised their price objective on shares of Lowe’s Companies from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Lowe’s Companies from $280.00 to $283.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Evercore increased their target price on shares of Lowe’s Companies from $250.00 to $280.00 in a research report on Tuesday, January 27th. Twenty 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 company. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus price target of $287.22.

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.