Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Ieq Capital LLC

Ieq Capital LLC reduced its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,994 shares of the home improvement retailer’s stock after selling 13,581 shares during the quarter. Ieq Capital LLC’s holdings in Lowe’s Companies were worth $8,636,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in Lowe’s Companies by 14.4% during the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after purchasing an additional 20,123 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Lowe’s Companies by 75.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,989 shares of the home improvement retailer’s stock valued at $14,352,000 after buying an additional 22,812 shares during the last quarter. Elevated Capital Advisors LLC boosted its position in Lowe’s Companies by 3.7% in the 3rd quarter. Elevated Capital Advisors LLC now owns 2,573 shares of the home improvement retailer’s stock valued at $697,000 after buying an additional 91 shares during the last quarter. MFA Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 70 shares in the last quarter. Finally, McAdam LLC increased its position in shares of Lowe’s Companies by 3.6% during the third quarter. McAdam LLC now owns 1,457 shares of the home improvement retailer’s stock worth $395,000 after acquiring an additional 51 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

LOW stock opened at $246.63 on Friday. The stock’s fifty day moving average is $253.77 and its two-hundred day moving average is $258.57. The stock has a market capitalization of $139.26 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.99 and a beta of 1.11. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LOW shares. Truist Financial increased their price target on Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Stifel Nicolaus lifted their price target 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. DA Davidson upped their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and an average price target 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 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 transaction, the executive vice president now owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by insiders.

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.