Gladstone Institutional Advisory LLC Grows Position in Lowe’s Companies, Inc. (NYSE:LOW)

Gladstone Institutional Advisory LLC lifted its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 16.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,779 shares of the home improvement retailer’s stock after purchasing an additional 676 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Lowe’s Companies were worth $1,179,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Crew Capital Management Ltd. grew its stake in Lowe’s Companies by 1.0% during the third quarter. Crew Capital Management Ltd. now owns 3,873 shares of the home improvement retailer’s stock worth $1,049,000 after buying an additional 37 shares during the period. Summit Place Financial Advisors LLC lifted its holdings in shares of Lowe’s Companies by 2.8% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock valued at $372,000 after acquiring an additional 37 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in Lowe’s Companies by 0.5% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after purchasing an additional 40 shares during the period. Saxony Capital Management LLC increased its holdings in Lowe’s Companies by 4.2% in the 4th quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock valued at $245,000 after purchasing an additional 40 shares in the last quarter. Finally, Powers Advisory Group LLC raised its position in Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock valued at $380,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LOW shares. Royal Bank of Canada upped their target price on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Evercore ISI upped their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock an “in-line” rating in a report on Thursday, December 12th. Stifel Nicolaus boosted their target price on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Wedbush restated a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Finally, DA Davidson lifted their price target on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $281.64.

Lowe’s Companies Stock Performance

NYSE LOW opened at $252.77 on Friday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a 50-day simple moving average of $256.15 and a 200-day simple moving average of $258.33. The firm has a market capitalization of $142.73 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.11.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate 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.