Sanctuary Advisors LLC Sells 1,687 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Sanctuary Advisors LLC lowered its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 170,420 shares of the home improvement retailer’s stock after selling 1,687 shares during the quarter. Sanctuary Advisors LLC’s holdings in Lowe’s Companies were worth $44,991,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its holdings in Lowe’s Companies by 14.4% in the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock worth $43,290,000 after acquiring an additional 20,123 shares in the last quarter. Creative Planning boosted its holdings in Lowe’s Companies by 9.0% in the third quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock worth $59,002,000 after acquiring an additional 18,383 shares in the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Lowe’s Companies by 9.4% in the third quarter. Stratos Wealth Partners LTD. now owns 40,143 shares of the home improvement retailer’s stock worth $10,873,000 after acquiring an additional 3,438 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Lowe’s Companies by 1.1% in the third quarter. Capital Investment Advisors LLC now owns 7,355 shares of the home improvement retailer’s stock worth $1,992,000 after acquiring an additional 80 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Lowe’s Companies by 0.4% in the third quarter. Raymond James & Associates now owns 774,555 shares of the home improvement retailer’s stock worth $209,788,000 after acquiring an additional 3,249 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LOW. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Sanford C. Bernstein raised their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Evercore ISI lifted their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Mizuho lifted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their target price on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. The trade was 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 link. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $251.88 on Monday. The stock has a market capitalization of $142.23 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The business has a 50 day simple moving average of $255.37 and a 200-day simple moving average of $258.50.

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.