J.W. Cole Advisors Inc. raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,912 shares of the home improvement retailer's stock after purchasing an additional 1,308 shares during the period. J.W. Cole Advisors Inc.'s holdings in Lowe's Companies were worth $2,199,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in Lowe's Companies in the third quarter valued at approximately $27,000. IFS Advisors LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at approximately $25,000. JNBA Financial Advisors grew its holdings in Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after purchasing an additional 100 shares during the period. Winch Advisory Services LLC grew its holdings in Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after purchasing an additional 44 shares during the period. Finally, MFA Wealth Advisors LLC grew its holdings in Lowe's Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after purchasing an additional 70 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. StockNews.com raised Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Evercore ISI lifted their price target on 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. Stifel Nicolaus lifted their price target on Lowe's Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. DA Davidson lifted their price target on Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. Finally, Mizuho lifted their price target on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.96.
View Our Latest Report on Lowe's Companies
Insider Activity 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 stock was 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. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.
Lowe's Companies Stock Down 0.0 %
NYSE:LOW traded down $0.05 on Thursday, reaching $246.63. The company's stock had a trading volume of 2,025,629 shares, compared to its average volume of 2,157,921. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market cap of $139.26 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11. The stock has a 50 day moving average price of $254.11 and a 200 day moving average price of $258.65.
About Lowe's Companies
(
Free Report)
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.
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