Worldquant Millennium Advisors LLC raised its position in shares of Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 281.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,491 shares of the home improvement retailer's stock after acquiring an additional 155,982 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Lowe's Companies were worth $57,282,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in Lowe's Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer's stock worth $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. State Street Corp grew its position in shares of Lowe's Companies by 1.9% during the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer's stock worth $6,774,948,000 after buying an additional 460,851 shares during the period. Legal & General Group Plc grew its position in shares of Lowe's Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 5,205,491 shares of the home improvement retailer's stock worth $1,147,603,000 after buying an additional 82,978 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Lowe's Companies by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer's stock valued at $912,508,000 after acquiring an additional 39,953 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its position in shares of Lowe's Companies by 1.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer's stock valued at $634,700,000 after acquiring an additional 36,054 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Lowe's Companies
In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total value of $1,974,915.26. Following the sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total value of $1,684,262.58. Following the transaction, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,697 shares of company stock worth $5,214,586. 0.26% of the stock is owned by corporate insiders.
Lowe's Companies Stock Performance
NYSE LOW traded up $3.36 during trading on Friday, hitting $273.43. 1,745,737 shares of the company's stock traded hands, compared to its average volume of 2,297,856. The stock has a market capitalization of $154.39 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 2.28 and a beta of 1.09. The business has a 50 day moving average of $270.88 and a 200-day moving average of $247.22. Lowe's Companies, Inc. has a 12-month low of $205.84 and a 12-month high of $287.01.
Wall Street Analysts Forecast Growth
LOW has been the subject of a number of research reports. Stifel Nicolaus raised their price target on shares of Lowe's Companies from $250.00 to $260.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Wedbush reaffirmed a "neutral" rating and issued a $250.00 target price on shares of Lowe's Companies in a research report on Wednesday, August 21st. Barclays upped their price target on 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. DA Davidson raised their price objective on Lowe's Companies from $240.00 to $270.00 and gave the company a "neutral" rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their target price on Lowe's Companies from $307.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $277.92.
View Our Latest Stock Report on Lowe's Companies
Lowe's Companies Company Profile
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Free Report)
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.
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