Waycross Partners LLC Raises Position in Lowe's Companies, Inc. (NYSE:LOW)

Waycross Partners LLC raised its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,022 shares of the home improvement retailer's stock after purchasing an additional 1,974 shares during the quarter. Lowe's Companies accounts for approximately 2.2% of Waycross Partners LLC's investment portfolio, making the stock its 21st biggest holding. Waycross Partners LLC's holdings in Lowe's Companies were worth $16,788,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. IFS Advisors LLC purchased a new stake in Lowe's Companies in the fourth quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lowe's Companies during the 3rd quarter worth about $27,000. Winch Advisory Services LLC boosted its stake in shares of Lowe's Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 44 shares in the last quarter. JNBA Financial Advisors boosted its stake in shares of Lowe's Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer's stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC boosted its stake in shares of Lowe's Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer's stock worth $35,000 after acquiring an additional 70 shares in the last quarter. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 3.0 %

Shares of Lowe's Companies stock traded down $7.49 during mid-day trading on Friday, hitting $238.93. The stock had a trading volume of 3,164,519 shares, compared to its average volume of 2,187,527. The firm has a 50-day moving average of $253.31 and a two-hundred day moving average of $258.58. Lowe's Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The firm has a market cap of $134.91 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the 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 completion of the transaction, the executive vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on LOW. Sanford C. Bernstein increased their target price on shares of Lowe's Companies from $301.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Barclays increased their target price on shares of Lowe's Companies from $229.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th. Mizuho increased 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 note on Thursday, December 12th. StockNews.com raised shares of Lowe's Companies from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $305.00 price target on shares of Lowe's Companies in a research report on Thursday. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $282.96.

About Lowe's Companies

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.