Tidal Investments LLC Boosts Position in Lowe's Companies, Inc. (NYSE:LOW)

Tidal Investments LLC boosted its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,307 shares of the home improvement retailer's stock after purchasing an additional 5,595 shares during the period. Tidal Investments LLC's holdings in Lowe's Companies were worth $11,730,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Crew Capital Management Ltd. lifted its holdings in Lowe's Companies by 1.0% in the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer's stock valued at $1,049,000 after acquiring an additional 37 shares during the last quarter. Summit Place Financial Advisors LLC lifted its stake in shares of Lowe's Companies by 2.8% in the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer's stock valued at $372,000 after purchasing an additional 37 shares during the last quarter. Clean Yield Group grew its holdings in shares of Lowe's Companies by 2.4% during the 3rd quarter. Clean Yield Group now owns 1,599 shares of the home improvement retailer's stock worth $433,000 after purchasing an additional 38 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position 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 worth $2,021,000 after purchasing an additional 40 shares during the last quarter. Finally, Drive Wealth Management LLC raised its holdings in Lowe's Companies by 2.2% in the 2nd quarter. Drive Wealth Management LLC now owns 1,894 shares of the home improvement retailer's stock valued at $418,000 after buying an additional 41 shares during the period. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 0.5 %

LOW stock traded down $1.21 during trading on Friday, hitting $262.29. The company had a trading volume of 1,072,010 shares, compared to its average volume of 2,437,908. Lowe's Companies, Inc. has a 1-year low of $209.55 and a 1-year high of $287.01. The firm has a 50-day moving average price of $270.80 and a 200-day moving average price of $248.90. The firm has a market cap of $148.10 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.

Insider Transactions at Lowe's Companies

In other Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm's stock in a transaction on Wednesday, October 2nd. The stock was 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 owns 13,214 shares of the company's stock, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Quonta D. Vance sold 7,198 shares of the company's stock in a transaction on 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 transaction, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This trade represents a 30.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Wednesday. Morgan Stanley raised their price target on Lowe's Companies from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 21st. JPMorgan Chase & Co. cut their price objective on Lowe's Companies from $272.00 to $270.00 and set an "overweight" rating on the stock in a report on Wednesday, August 21st. Evercore ISI raised their target price on Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a report on Thursday. Finally, Truist Financial lowered their price objective on shares of Lowe's Companies from $310.00 to $307.00 and set a "buy" rating for the company in a research note on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.