State of New Jersey Common Pension Fund D decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,332 shares of the home improvement retailer's stock after selling 1,298 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Lowe's Companies were worth $51,416,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. StoneX Group Inc. bought a new position in Lowe's Companies during the third quarter valued at about $2,713,000. Principal Financial Group Inc. grew its position in Lowe's Companies by 4.0% during the third quarter. Principal Financial Group Inc. now owns 649,601 shares of the home improvement retailer's stock valued at $175,944,000 after buying an additional 24,812 shares during the period. Miracle Mile Advisors LLC grew its position in 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 buying an additional 14,132 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in 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 buying an additional 4,435 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in 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 valued at $4,894,000 after buying an additional 501 shares during the period. Institutional investors own 74.06% of the company's stock.
Insider Buying and Selling
In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of the business'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 of the company's stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.
Lowe's Companies Price Performance
Lowe's Companies stock traded down $0.05 during mid-day trading on Thursday, reaching $246.63. The stock had a trading volume of 2,025,629 shares, compared to its average volume of 2,157,921. The company has a market capitalization of $139.26 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.99 and a beta of 1.11. The company has a 50-day moving average price of $254.11 and a two-hundred day moving average price of $258.65. Lowe's Companies, Inc. has a one year low of $211.80 and a one year high of $287.01.
Analyst Ratings Changes
LOW has been the subject of several research reports. TD Cowen increased 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. Evercore ISI upped 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 report on Thursday, December 12th. Sanford C. Bernstein increased their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. DA Davidson increased their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Lowe's Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $282.96.
Check Out Our Latest Stock Analysis on Lowe's Companies
Lowe's Companies Company Profile
(
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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