Lowe's Companies, Inc. (NYSE:LOW) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC increased its stake in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,579 shares of the home improvement retailer's stock after acquiring an additional 16,632 shares during the quarter. Private Advisor Group LLC's holdings in Lowe's Companies were worth $17,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Place Financial Advisors LLC lifted its holdings in Lowe's Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock worth $372,000 after buying an additional 37 shares during the period. Klingenstein Fields & Co. LP lifted its holdings in shares of Lowe's Companies by 1.0% during the 4th quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer's stock valued at $1,012,000 after purchasing an additional 39 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Lowe's Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer's stock valued at $2,021,000 after purchasing an additional 40 shares during the last quarter. Powers Advisory Group LLC lifted its holdings in shares of Lowe's Companies by 2.7% during the 4th quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer's stock valued at $380,000 after purchasing an additional 40 shares during the last quarter. Finally, Saxony Capital Management LLC lifted its holdings in shares of Lowe's Companies by 4.2% during the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer's stock valued at $245,000 after purchasing an additional 40 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 transaction of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company's stock.

Lowe's Companies Stock Down 3.0 %

Shares of NYSE:LOW traded down $7.42 during trading on Friday, reaching $239.00. 1,910,760 shares of the company's stock traded hands, compared to its average volume of 2,143,986. Lowe's Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01. The firm has a market cap of $134.95 billion, a PE ratio of 19.98, a P/E/G ratio of 1.96 and a beta of 1.11. The company has a 50-day simple moving average of $253.77 and a 200-day simple moving average of $258.57.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LOW shares. Barclays increased their price objective on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Mizuho increased their price objective on Lowe's Companies from $282.00 to $305.00 and gave the company an "outperform" rating in a report on Thursday, December 12th. Truist Financial increased their price objective on Lowe's Companies from $307.00 to $308.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Sanford C. Bernstein raised their target price on Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, TD Cowen raised their target price on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a research note on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Lowe's Companies presently has an average rating of "Moderate Buy" and an average target price of $282.96.

Lowe's Companies Company 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.