Allworth Financial LP Purchases 3,616 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Allworth Financial LP grew its position in Lowe’s Companies, Inc. (NYSE:LOW) by 32.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,708 shares of the home improvement retailer’s stock after acquiring an additional 3,616 shares during the period. Allworth Financial LP’s holdings in Lowe’s Companies were worth $3,795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LOW. IFS Advisors LLC acquired a new position in Lowe’s Companies in the 4th quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in Lowe’s Companies in the 3rd quarter valued at about $27,000. Winch Advisory Services LLC grew its stake in Lowe’s Companies by 56.4% in the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after buying an additional 44 shares during the last quarter. JNBA Financial Advisors grew its stake in Lowe’s Companies by 555.6% in 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. Finally, MFA Wealth Advisors LLC grew its stake in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock valued at $35,000 after buying an additional 70 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Activity at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction dated 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 transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Lowe’s Companies Trading Down 0.3 %

NYSE:LOW opened at $251.88 on Tuesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The company has a market cap 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. The stock has a fifty day simple moving average of $255.37 and a 200-day simple moving average of $258.59.

Analyst Ratings Changes

A number of brokerages recently commented on LOW. Truist Financial upped their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company increased their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein upped their price target on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Mizuho upped their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Company 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.