Lowe’s Companies, Inc. (NYSE:LOW) Stock Holdings Increased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,579 shares of the home improvement retailer’s stock after buying an additional 57 shares during the period. Valeo Financial Advisors LLC’s holdings in Lowe’s Companies were worth $2,364,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies in the third quarter worth $27,000. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at about $25,000. JNBA Financial Advisors grew its position 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 valued at $32,000 after buying an additional 100 shares during the last quarter. Winch Advisory Services LLC raised its stake in Lowe’s Companies by 56.4% during the fourth 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 during the period. Finally, MFA Wealth Advisors LLC lifted 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 worth $35,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

LOW opened at $251.88 on Friday. The business has a fifty day simple moving average of $255.37 and a 200-day simple moving average of $258.38. The firm has a market cap of $142.23 billion, a PE ratio of 21.01, a P/E/G ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a fifty-two week low of $211.80 and a fifty-two week high of $287.01.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. DA Davidson increased their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Stifel Nicolaus raised their target price on Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial lifted their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Barclays upped 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 report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average target price of $282.96.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

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.