Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 67,997 shares of the home improvement retailer’s stock after selling 2,211 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lowe’s Companies were worth $16,782,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. AMF Tjanstepension AB lifted its position in shares of Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares in the last quarter. Goldstone Financial Group LLC purchased a new position in shares of Lowe’s Companies in the third quarter valued at approximately $203,000. Reston Wealth Management LLC acquired a new stake in shares of Lowe’s Companies in the third quarter worth approximately $64,000. Principal Securities Inc. increased its position in shares of Lowe’s Companies by 20.1% during the third quarter. Principal Securities Inc. now owns 10,706 shares of the home improvement retailer’s stock worth $2,900,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its stake in Lowe’s Companies by 2.0% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 5,707 shares of the home improvement retailer’s stock valued at $1,546,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Performance

Shares of LOW opened at $248.71 on Friday. The company’s 50-day simple moving average is $252.52 and its 200-day simple moving average is $258.89. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01. The stock has a market capitalization of $140.43 billion, a PE ratio of 20.74, a P/E/G ratio of 1.96 and a beta of 1.11.

Lowe’s Companies (NYSE:LOW) last released its 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. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. On average, sell-side analysts predict that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current 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.