ABC Arbitrage SA Purchases New Stake in Lowe’s Companies, Inc. (NYSE:LOW)

ABC Arbitrage SA purchased a new stake in Lowe’s Companies, Inc. (NYSE:LOW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,470 shares of the home improvement retailer’s stock, valued at approximately $363,000.

Other institutional investors have also recently added to or reduced their stakes in the company. IFS Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies during the third quarter valued at $27,000. Winch Advisory Services LLC increased its stake in 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 valued at $30,000 after purchasing an additional 44 shares during the last quarter. JNBA Financial Advisors increased its stake in Lowe’s Companies by 555.6% during 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 during the last quarter. Finally, MFA Wealth Advisors LLC increased its stake in Lowe’s Companies by 118.6% during 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 during the last quarter. Institutional investors own 74.06% of the company’s stock.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

Lowe’s Companies Trading Down 0.3 %

Shares of NYSE LOW opened at $251.88 on Friday. 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 capitalization of $142.23 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11. The firm has a 50-day moving average of $255.37 and a two-hundred day moving average of $258.38.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. TD Cowen upped their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Evercore ISI upped their price target on shares of 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. Finally, Truist Financial upped their price target 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. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target 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.