Midwest Capital Advisors LLC Invests $67,000 in Lowe’s Companies, Inc. (NYSE:LOW)

Midwest Capital Advisors LLC purchased a new position in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 273 shares of the home improvement retailer’s stock, valued at approximately $67,000.

Other hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth about $27,000. IFS Advisors LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $25,000. Marshall Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the fourth quarter worth approximately $31,000. JNBA Financial Advisors increased its stake in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 100 shares during the period. Finally, Winch Advisory Services LLC increased its stake in shares of 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 buying an additional 44 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

LOW has been the topic of a number of recent research reports. Sanford C. Bernstein upped their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Evercore ISI upped their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a research note on Thursday, December 12th. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Stifel Nicolaus upped their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, Truist Financial upped their target price on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average 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 business’s stock in a transaction on Wednesday, November 27th. The shares were 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by insiders.

Lowe’s Companies Trading Down 3.0 %

Shares of LOW opened at $238.93 on Monday. The firm has a market cap of $134.91 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The company’s 50 day simple moving average is $253.31 and its 200-day simple moving average is $258.90. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01.

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.