Groupama Asset Managment Invests $1.49 Million in Lowe's Companies, Inc. (NYSE:LOW)

Groupama Asset Managment purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,497 shares of the home improvement retailer's stock, valued at approximately $1,489,000.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its position in shares of Lowe's Companies by 10.2% during the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares in the last quarter. International Assets Investment Management LLC increased its stake in Lowe's Companies by 1,889.7% in the 3rd quarter. International Assets Investment Management LLC now owns 2,134,969 shares of the home improvement retailer's stock valued at $578,256,000 after purchasing an additional 2,027,668 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in Lowe's Companies by 20,275.6% in the second quarter. Strategic Financial Concepts LLC now owns 1,205,014 shares of the home improvement retailer's stock valued at $2,657,000 after purchasing an additional 1,199,100 shares during the last quarter. Applied Finance Capital Management LLC grew its holdings in Lowe's Companies by 387.7% in the third quarter. Applied Finance Capital Management LLC now owns 811,374 shares of the home improvement retailer's stock valued at $219,761,000 after purchasing an additional 645,017 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Lowe's Companies by 170.5% during the second quarter. Marshall Wace LLP now owns 735,633 shares of the home improvement retailer's stock worth $162,178,000 after buying an additional 463,645 shares in the last quarter. Hedge funds and other institutional investors own 74.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LOW shares. TD Cowen raised their target price on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Piper Sandler raised their price target on shares of Lowe's Companies from $262.00 to $307.00 and gave the stock an "overweight" rating in a research report on Monday, September 30th. Royal Bank of Canada raised their price target on shares of Lowe's Companies from $290.00 to $291.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 20th. Gordon Haskett dropped their price target on Lowe's Companies from $245.00 to $240.00 and set a "hold" rating on the stock in a research report on Wednesday, August 21st. Finally, Evercore ISI boosted their target price on shares of Lowe's Companies from $255.00 to $270.00 and gave the company an "in-line" rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Lowe's Companies has a consensus rating of "Moderate Buy" and a consensus target price of $277.92.

Insider Buying and Selling at Lowe's Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of Lowe's Companies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now directly owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,697 shares of company stock worth $5,214,586 over the last 90 days. Company insiders own 0.26% of the company's stock.

Lowe's Companies Price Performance

LOW stock traded up $1.18 during trading hours on Monday, reaching $274.61. 1,490,868 shares of the stock were exchanged, compared to its average volume of 2,436,184. The company has a market cap of $155.06 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.29 and a beta of 1.10. Lowe's Companies, Inc. has a 12 month low of $205.84 and a 12 month high of $287.01. The firm's 50-day moving average is $271.01 and its 200-day moving average is $247.87.

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.