Sanctuary Advisors LLC Purchases 2,863 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Sanctuary Advisors LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,107 shares of the home improvement retailer's stock after purchasing an additional 2,863 shares during the quarter. Sanctuary Advisors LLC's holdings in Lowe's Companies were worth $45,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Lowe's Companies in the 3rd quarter valued at about $27,000. Stephens Consulting LLC grew its position in shares of Lowe's Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer's stock worth $32,000 after buying an additional 70 shares during the period. JNBA Financial Advisors increased its stake in shares of Lowe's Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in shares of Lowe's Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock valued at $35,000 after acquiring an additional 70 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of Lowe's Companies during the 2nd quarter valued at $37,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe's Companies

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the transaction, the executive vice president now directly owns 16,703 shares of the company's stock, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company's stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction 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. This trade represents a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Lowe's Companies Stock Performance

Lowe's Companies stock traded down $4.40 during midday trading on Thursday, reaching $263.50. 2,330,774 shares of the stock were exchanged, compared to its average volume of 2,443,781. Lowe's Companies, Inc. has a 52 week low of $206.08 and a 52 week high of $287.01. The company's fifty day moving average is $270.94 and its 200-day moving average is $248.80. The firm has a market cap of $148.79 billion, a PE ratio of 22.01, a PEG ratio of 2.29 and a beta of 1.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LOW shares. Telsey Advisory Group reissued an "outperform" rating and set a $305.00 price objective on shares of Lowe's Companies in a research report on Thursday. UBS Group raised their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their price objective on Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Wednesday. Royal Bank of Canada lifted their price target on shares of Lowe's Companies from $291.00 to $292.00 and gave the company a "sector perform" rating in a research report on Thursday. Finally, Mizuho boosted their target price on shares of Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $280.85.

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.