Lowe’s Companies, Inc. (NYSE:LOW) Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. grew its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,857 shares of the home improvement retailer’s stock after acquiring an additional 198 shares during the period. Howard Capital Management Inc.’s holdings in Lowe’s Companies were worth $952,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. IFS Advisors LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in Lowe’s Companies during the third quarter valued at about $27,000. Winch Advisory Services LLC boosted its holdings in shares of Lowe’s Companies by 56.4% in 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. Marshall Investment Management LLC purchased a new position in shares of Lowe’s Companies in the fourth quarter worth approximately $31,000. Finally, JNBA Financial Advisors raised its holdings 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 valued at $32,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is owned by institutional investors.

Lowe’s Companies Stock Down 3.0 %

Shares of Lowe’s Companies stock opened at $238.93 on Monday. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The stock has a market capitalization of $134.91 billion, a P/E ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11. The stock has a 50 day moving average price of $253.31 and a two-hundred day moving average price of $258.90.

Analysts Set New Price Targets

A number of research firms recently commented on LOW. TD Cowen raised their price objective on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Stifel Nicolaus raised their price objective 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, DA Davidson upped their target price on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Insider Buying and Selling

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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by insiders.

Lowe’s Companies 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.