Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 3,424 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,624 shares of the home improvement retailer’s stock after selling 3,424 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Lowe’s Companies were worth $29,770,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in shares of Lowe’s Companies during the third quarter worth approximately $27,000. IFS Advisors LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $31,000. Winch Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 56.4% during the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. Finally, Financial Life Planners bought a new stake in shares of Lowe’s Companies in the fourth quarter valued at approximately $45,000. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Mizuho cut their price target on Lowe’s Companies from $305.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Bank of America cut their price target on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Sanford C. Bernstein boosted their price target on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. StockNews.com cut Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada cut their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Up 0.3 %

NYSE LOW opened at $226.17 on Friday. The company has a market capitalization of $127.70 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock has a fifty day simple moving average of $248.40 and a 200 day simple moving average of $257.85.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Research analysts expect that Lowe’s Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

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.