Catalyst Capital Advisors LLC Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Catalyst Capital Advisors LLC lifted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 90.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726 shares of the home improvement retailer’s stock after buying an additional 344 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Lowe’s Companies were worth $179,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies in the fourth quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in Lowe’s Companies during the 3rd quarter valued at $27,000. Winch Advisory Services LLC boosted its stake in shares of Lowe’s Companies by 56.4% during the 4th 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 in the last quarter. JNBA Financial Advisors lifted its holdings in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MFA Wealth Advisors LLC lifted its holdings in shares of 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 valued at $35,000 after purchasing an additional 70 shares in the last quarter. 74.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lowe’s Companies

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

Lowe’s Companies Price Performance

Shares of Lowe’s Companies stock opened at $251.88 on Tuesday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The stock’s 50-day moving average is $255.37 and its 200 day moving average is $258.59. The firm has a market cap of $142.23 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11.

Analysts Set New Price Targets

LOW has been the topic of several research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Truist Financial boosted their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. TD Cowen lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Barclays boosted their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus 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.