Everhart Financial Group Inc. Purchases 232 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Everhart Financial Group Inc. increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,846 shares of the home improvement retailer’s stock after acquiring an additional 232 shares during the quarter. Everhart Financial Group Inc.’s holdings in Lowe’s Companies were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. FMR LLC increased its stake in Lowe’s Companies by 10.2% in the 3rd 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 increased its stake in Lowe’s Companies by 1.9% in 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 purchasing an additional 460,851 shares during the period. Geode Capital Management LLC increased its stake in Lowe’s Companies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock worth $3,169,041,000 after purchasing an additional 187,473 shares during the period. Charles Schwab Investment Management Inc. increased its stake in 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 worth $912,508,000 after purchasing an additional 39,953 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its stake in Lowe’s Companies by 1.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer’s stock worth $634,700,000 after purchasing an additional 36,054 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s 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 directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.

Lowe’s Companies Trading Down 0.3 %

Lowe’s Companies stock opened at $251.88 on Friday. The business’s fifty day simple moving average is $255.37 and its two-hundred day simple moving average is $258.38. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The company has a market capitalization of $142.23 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LOW. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research note on Thursday, December 12th. Evercore ISI lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research report on Thursday, December 12th. DA Davidson lifted their price objective 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. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research report on Thursday, December 12th. Finally, TD Cowen lifted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price 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.