Securian Asset Management Inc. Reduces Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Securian Asset Management Inc. decreased its position in Lowe’s Companies, Inc. (NYSE:LOW) by 3.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,489 shares of the home improvement retailer’s stock after selling 1,027 shares during the period. Securian Asset Management Inc.’s holdings in Lowe’s Companies were worth $7,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new position in Lowe’s Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC purchased a new position in Lowe’s Companies in the fourth quarter valued at approximately $25,000. Marshall Investment Management LLC bought a new stake in Lowe’s Companies during the 4th quarter valued at $31,000. Winch Advisory Services LLC raised its holdings in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the period. Finally, Financial Life Planners bought a new stake in Lowe’s Companies during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LOW shares. Sanford C. Bernstein boosted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Truist Financial decreased their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Piper Sandler decreased their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Finally, 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average target price of $280.83.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $232.48 on Wednesday. The company has a 50 day simple moving average of $251.52 and a two-hundred day simple moving average of $259.14. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The company has a market capitalization of $131.27 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.96 and a beta of 1.12.

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, beating the consensus estimate 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 firm had revenue of $18.55 billion during the quarter, compared to analyst estimates of $18.29 billion. On average, analysts forecast that Lowe’s Companies, Inc. will post 11.9 earnings per share 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.