Neo Ivy Capital Management Lowers Stake in Lowe's Companies, Inc. (NYSE:LOW)

Neo Ivy Capital Management decreased its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 77.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,824 shares of the home improvement retailer's stock after selling 12,992 shares during the period. Neo Ivy Capital Management's holdings in Lowe's Companies were worth $1,036,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in Lowe's Companies by 151.6% during the second quarter. Assenagon Asset Management S.A. now owns 344,300 shares of the home improvement retailer's stock valued at $75,904,000 after purchasing an additional 207,453 shares in the last quarter. Cordatus Wealth Management LLC acquired a new stake in Lowe's Companies in the 2nd quarter worth about $3,315,000. Kennedy Investment Group boosted its holdings in Lowe's Companies by 2.3% in the 2nd quarter. Kennedy Investment Group now owns 3,382 shares of the home improvement retailer's stock worth $746,000 after buying an additional 77 shares during the last quarter. S.E.E.D. Planning Group LLC increased its stake in Lowe's Companies by 15.7% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 11,895 shares of the home improvement retailer's stock worth $2,622,000 after buying an additional 1,611 shares in the last quarter. Finally, Pure Financial Advisors LLC raised its holdings in shares of Lowe's Companies by 2.5% during the second quarter. Pure Financial Advisors LLC now owns 1,813 shares of the home improvement retailer's stock valued at $400,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Analyst Ratings Changes

LOW has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their price target on Lowe's Companies from $291.00 to $292.00 and gave the stock a "sector perform" rating in a research note on Thursday. Evercore ISI upped their target price on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a report on Thursday. Sanford C. Bernstein raised their price target on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday. Wedbush restated a "neutral" rating and set a $250.00 price target on shares of Lowe's Companies in a research report on Thursday. Finally, Mizuho increased their price objective on shares of Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a report on Thursday. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and a consensus price target of $280.85.

Insider Transactions at Lowe's Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction dated 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 sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares of the company's stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Stock Down 1.6 %

Lowe's Companies stock traded down $4.40 during midday trading on Thursday, reaching $263.50. The company's stock had a trading volume of 2,330,774 shares, compared to its average volume of 2,443,781. The business has a 50-day simple moving average of $270.94 and a 200-day simple moving average of $248.80. The company has a market cap of $148.79 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.29 and a beta of 1.09. Lowe's Companies, Inc. has a fifty-two week low of $206.08 and a fifty-two week 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.