J.W. Cole Advisors Inc. Raises Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

J.W. Cole Advisors Inc. raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 17.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,912 shares of the home improvement retailer’s stock after purchasing an additional 1,308 shares during the period. J.W. Cole Advisors Inc.’s holdings in Lowe’s Companies were worth $2,199,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. MOKAN Wealth Management Inc. purchased a new stake in Lowe’s Companies in the 4th quarter valued at about $224,000. Secured Retirement Advisors LLC increased its position in shares of Lowe’s Companies by 3.1% during the fourth quarter. Secured Retirement Advisors LLC now owns 8,120 shares of the home improvement retailer’s stock valued at $2,004,000 after acquiring an additional 247 shares during the last quarter. Strategic Financial Concepts LLC raised its stake in shares of Lowe’s Companies by 19.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 5,940 shares of the home improvement retailer’s stock valued at $1,466,000 after acquiring an additional 954 shares during the period. Allworth Financial LP lifted its holdings in shares of Lowe’s Companies by 32.6% in the 4th quarter. Allworth Financial LP now owns 14,708 shares of the home improvement retailer’s stock worth $3,795,000 after acquiring an additional 3,616 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in shares of Lowe’s Companies by 2.1% during the 4th quarter. Principal Securities Inc. now owns 10,936 shares of the home improvement retailer’s stock worth $2,699,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

LOW opened at $251.88 on Monday. The stock has a market capitalization of $142.23 billion, a P/E ratio of 21.01, a P/E/G 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.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of Lowe’s Companies stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the transaction, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. The trade was a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Evercore ISI increased 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. Barclays increased their price target on shares of Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Finally, Wedbush restated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.