Allworth Financial LP Increases Stock Position in Lowe's Companies, Inc. (NYSE:LOW)

Allworth Financial LP lifted its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,708 shares of the home improvement retailer's stock after buying an additional 3,616 shares during the quarter. Allworth Financial LP's holdings in Lowe's Companies were worth $3,795,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe's Companies during the third quarter worth $27,000. IFS Advisors LLC bought a new position in Lowe's Companies during the fourth quarter worth $25,000. JNBA Financial Advisors boosted its stake in Lowe's Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Winch Advisory Services LLC boosted its stake in 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 in the last quarter. Finally, MFA Wealth Advisors LLC boosted its stake in Lowe's Companies by 118.6% during the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after acquiring an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company's stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Wells Fargo & Company increased their target price on shares of Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Evercore ISI raised their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Wednesday, December 11th. TD Cowen boosted their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research report on Monday, October 28th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $282.96.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded down $7.49 on Friday, reaching $238.93. 3,164,519 shares of the company traded hands, compared to its average volume of 2,187,527. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company has a 50 day moving average of $253.31 and a 200 day moving average of $258.58. The firm has a market capitalization of $134.91 billion, a PE ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.

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.