Strategic Financial Concepts LLC Grows Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Strategic Financial Concepts LLC increased its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 19.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,940 shares of the home improvement retailer’s stock after buying an additional 954 shares during the period. Strategic Financial Concepts LLC’s holdings in Lowe’s Companies were worth $1,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in shares of Lowe’s Companies by 32.6% in the fourth 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. Principal Securities Inc. boosted its stake in Lowe’s Companies by 2.1% in 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 in the last quarter. Everhart Financial Group Inc. grew its position in Lowe’s Companies by 6.4% during the 4th quarter. Everhart Financial Group Inc. now owns 3,846 shares of the home improvement retailer’s stock valued at $949,000 after purchasing an additional 232 shares during the last quarter. TigerOak Management L.L.C. bought a new stake in Lowe’s Companies during the 4th quarter valued at about $855,000. Finally, Montag A & Associates Inc. raised its holdings in Lowe’s Companies by 2.6% in the fourth quarter. Montag A & Associates Inc. now owns 21,360 shares of the home improvement retailer’s stock worth $5,272,000 after buying an additional 538 shares during the last quarter. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $251.88 on Tuesday. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company’s fifty day moving average price is $255.37 and its 200-day moving average price is $258.59. The company has a market capitalization of $142.23 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11.

Insider Buying and Selling at Lowe’s Companies

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LOW shares. Truist Financial raised their price target on shares of Lowe’s Companies from $307.00 to $308.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Mizuho boosted their price target on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Barclays boosted their target price 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. Finally, Stifel Nicolaus raised their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average 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.