TigerOak Management L.L.C. Acquires Shares of 3,466 Lowe's Companies, Inc. (NYSE:LOW)

TigerOak Management L.L.C. bought a new position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,466 shares of the home improvement retailer's stock, valued at approximately $855,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IFS Advisors LLC acquired a new stake in Lowe's Companies in the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Lowe's Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC increased its stake in shares of Lowe's Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock valued at $30,000 after buying an additional 44 shares during the period. JNBA Financial Advisors lifted its stake in shares of Lowe's Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, MFA Wealth Advisors LLC boosted its holdings in Lowe's Companies by 118.6% in the third 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 during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lowe's Companies

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated 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 $4,582,802.11. This trade represents 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 available at this link. Company insiders own 0.26% of the company's stock.

Lowe's Companies Trading Down 1.7 %

Lowe's Companies stock traded down $4.22 during trading on Wednesday, hitting $246.49. 2,513,277 shares of the company were exchanged, compared to its average volume of 2,162,052. The company has a market capitalization of $139.18 billion, a P/E ratio of 20.56, a PEG ratio of 2.00 and a beta of 1.11. The business's 50 day moving average is $254.54 and its 200 day moving average is $258.73. Lowe's Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. 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 report on Thursday, December 12th. DA Davidson lifted their target price on shares of Lowe's Companies from $240.00 to $270.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 20th. TD Cowen increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Lowe's Companies in a research report on Thursday, December 12th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Lowe's Companies has an average rating of "Moderate Buy" and an average price target of $282.96.

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.