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

Oxbow Advisors LLC raised its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 33,262 shares of the home improvement retailer’s stock after acquiring an additional 284 shares during the quarter. Lowe’s Companies accounts for approximately 1.0% of Oxbow Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Oxbow Advisors LLC’s holdings in Lowe’s Companies were worth $8,209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dividend Assets Capital LLC raised its holdings in shares of Lowe’s Companies by 2.9% in the 4th quarter. Dividend Assets Capital LLC now owns 38,850 shares of the home improvement retailer’s stock valued at $9,588,000 after acquiring an additional 1,080 shares in the last quarter. Greystone Financial Group LLC grew its position in Lowe’s Companies by 8.3% during the 4th quarter. Greystone Financial Group LLC now owns 52,479 shares of the home improvement retailer’s stock worth $12,952,000 after acquiring an additional 4,019 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in Lowe’s Companies by 28.6% during the 4th quarter. VisionPoint Advisory Group LLC now owns 1,039 shares of the home improvement retailer’s stock worth $257,000 after acquiring an additional 231 shares during the last quarter. Lane & Associates LLC grew its position in Lowe’s Companies by 25.0% during the 4th quarter. Lane & Associates LLC now owns 1,705 shares of the home improvement retailer’s stock worth $443,000 after acquiring an additional 341 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC grew its position in Lowe’s Companies by 53.2% during the 4th quarter. Paradigm Asset Management Co. LLC now owns 8,923 shares of the home improvement retailer’s stock worth $2,202,000 after acquiring an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 3.0 %

Shares of LOW stock opened at $238.93 on Friday. The stock has a market cap of $134.91 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. The business’s fifty day moving average is $253.31 and its 200 day moving average is $258.58. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’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 sale, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LOW shares. Sanford C. Bernstein raised their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Stifel Nicolaus raised their price target on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, Barclays raised their price target on 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. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

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.