Ieq Capital LLC Sells 13,581 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Ieq Capital LLC trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 28.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,994 shares of the home improvement retailer's stock after selling 13,581 shares during the quarter. Ieq Capital LLC's holdings in Lowe's Companies were worth $8,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. StoneX Group Inc. acquired a new stake in shares of Lowe's Companies in the 3rd quarter valued at about $2,713,000. Principal Financial Group Inc. boosted its holdings in Lowe's Companies by 4.0% in the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock worth $175,944,000 after acquiring an additional 24,812 shares in the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Lowe's Companies by 288.6% during the fourth quarter. Miracle Mile Advisors LLC now owns 19,028 shares of the home improvement retailer's stock valued at $4,696,000 after acquiring an additional 14,132 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Lowe's Companies by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 362,209 shares of the home improvement retailer's stock valued at $98,104,000 after acquiring an additional 4,435 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in shares of Lowe's Companies by 2.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 19,830 shares of the home improvement retailer's stock worth $4,894,000 after purchasing an additional 501 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe's Companies Stock Performance

Lowe's Companies stock traded down $7.49 during mid-day trading on Friday, reaching $238.93. The company's stock had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. The company has a market capitalization of $134.91 billion, a P/E ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. The firm's fifty day moving average price is $253.77 and its two-hundred day moving average price is $258.57. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

Insider Activity

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LOW shares. TD Cowen lifted their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research report on Monday, October 28th. Guggenheim reiterated a "buy" rating and set a $300.00 price objective on shares of Lowe's Companies in a report on Thursday, December 12th. Barclays boosted their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 20th. Wells Fargo & Company raised their price target on shares of Lowe's Companies from $280.00 to $295.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Mizuho boosted their price objective on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $282.96.

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.