Good Life Advisors LLC Sells 1,567 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Good Life Advisors LLC lessened its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,882 shares of the home improvement retailer's stock after selling 1,567 shares during the period. Good Life Advisors LLC's holdings in Lowe's Companies were worth $2,439,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. IFS Advisors LLC bought a new position in shares of Lowe's Companies in the 4th quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe's Companies in the third quarter valued at about $27,000. Winch Advisory Services LLC boosted its holdings 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 buying an additional 44 shares during the last quarter. JNBA Financial Advisors boosted its holdings 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 buying an additional 100 shares during the last quarter. Finally, MFA Wealth Advisors LLC grew its position in shares of Lowe's Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after buying an additional 70 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on LOW shares. Evercore ISI lifted their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research note on Thursday, December 12th. Mizuho lifted their price target on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Guggenheim reissued a "buy" rating and issued a $300.00 price target on shares of Lowe's Companies in a report on Thursday, December 12th. Barclays raised their price objective on Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. 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 given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $282.96.

Insider Transactions at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

Lowe's Companies Stock Performance

LOW traded down $7.49 on Friday, hitting $238.93. 3,112,773 shares of the company were exchanged, compared to its average volume of 2,154,019. The stock's fifty day moving average is $253.77 and its 200-day moving average is $258.57. The company has a market cap 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, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01.

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.