Sanctuary Advisors LLC Has $44.99 Million Holdings in Lowe's Companies, Inc. (NYSE:LOW)

Sanctuary Advisors LLC lessened its holdings in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,420 shares of the home improvement retailer's stock after selling 1,687 shares during the period. Sanctuary Advisors LLC's holdings in Lowe's Companies were worth $44,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LOW. AMF Tjanstepension AB raised its holdings in shares of Lowe's Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer's stock valued at $43,290,000 after buying an additional 20,123 shares during the last quarter. Creative Planning increased its stake in shares of Lowe's Companies by 9.0% during the third quarter. Creative Planning now owns 222,818 shares of the home improvement retailer's stock valued at $59,002,000 after acquiring an additional 18,383 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Lowe's Companies by 9.4% during the third quarter. Stratos Wealth Partners LTD. now owns 40,143 shares of the home improvement retailer's stock valued at $10,873,000 after acquiring an additional 3,438 shares during the period. Capital Investment Advisors LLC increased its stake in shares of Lowe's Companies by 1.1% during the third quarter. Capital Investment Advisors LLC now owns 7,355 shares of the home improvement retailer's stock valued at $1,992,000 after acquiring an additional 80 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Lowe's Companies by 0.4% during the third quarter. Raymond James & Associates now owns 774,555 shares of the home improvement retailer's stock valued at $209,788,000 after acquiring an additional 3,249 shares during the period. Institutional investors own 74.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. TD Cowen raised their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a research note on Monday, October 28th. Barclays raised their price objective on shares of Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. DA Davidson raised their price objective on shares of Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Finally, Truist Financial lifted their price target on shares of Lowe's Companies from $307.00 to $308.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $282.96.

Insiders Place Their Bets

In other Lowe's Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe's Companies stock in a transaction 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 completion of the sale, the executive vice president now owns 16,703 shares of the company's stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.26% of the company's stock.

Lowe's Companies Price Performance

NYSE LOW traded down $0.05 on Thursday, hitting $246.63. 2,025,629 shares of the stock were exchanged, compared to its average volume of 2,157,921. Lowe's Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a market capitalization of $139.26 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.99 and a beta of 1.11. The company's 50-day moving average price is $254.11 and its two-hundred day moving average price is $258.65.

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.