Armistice Capital LLC grew its position in Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) by 142.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 333,132 shares of the home improvement retailer’s stock after purchasing an additional 195,587 shares during the period. Lowe’s Companies makes up approximately 1.1% of Armistice Capital LLC’s holdings, making the stock its 19th biggest position. Armistice Capital LLC owned 0.05% of Lowe’s Companies worth $62,566,000 at the end of the most recent quarter.
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Other institutional investors and hedge funds have also recently bought and sold shares of the company. Standard Family Office LLC bought a new position in Lowe’s Companies in the 3rd quarter worth about $26,000. Northwest Investment Counselors LLC boosted its holdings in shares of Lowe’s Companies by 56.0% in the third quarter. Northwest Investment Counselors LLC now owns 142 shares of the home improvement retailer’s stock valued at $27,000 after acquiring an additional 51 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of Lowe’s Companies in the third quarter valued at approximately $29,000. Tsfg LLC boosted its holdings in shares of Lowe’s Companies by 67.9% in the third quarter. Tsfg LLC now owns 220 shares of the home improvement retailer’s stock valued at $41,000 after acquiring an additional 89 shares in the last quarter. Finally, SJS Investment Consulting Inc. bought a new position in shares of Lowe’s Companies in the third quarter valued at approximately $43,000. Institutional investors own 72.62% of the company’s stock.
Insider Buying and Selling at Lowe’s Companies
In other Lowe’s Companies news, EVP Ross W. Mccanless sold 57,629 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $211.35, for a total value of $12,179,889.15. Following the transaction, the executive vice president now owns 26,923 shares in the company, valued at approximately $5,690,176.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.24% of the company’s stock.
Analyst Ratings Changes
LOW has been the subject of several recent analyst reports. Barclays initiated coverage on shares of Lowe’s Companies in a report on Tuesday, February 7th. They issued an “equal weight” rating and a $215.00 price objective for the company. Wedbush increased their target price on shares of Lowe’s Companies from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, December 8th. The Goldman Sachs Group increased their target price on shares of Lowe’s Companies from $241.00 to $246.00 and gave the company a “buy” rating in a research note on Wednesday, December 7th. Evercore ISI cut their target price on shares of Lowe’s Companies to $225.00 in a research note on Monday, December 12th. Finally, Credit Suisse Group began coverage on shares of Lowe’s Companies in a research note on Monday, December 19th. They set a “neutral” rating and a $210.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $228.58.
Lowe’s Companies Price Performance
Lowe’s Companies stock traded down $2.89 during trading hours on Friday, hitting $199.32. The company had a trading volume of 314,423 shares, compared to its average volume of 2,781,523. The firm has a market capitalization of $123.72 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.13. The firm’s fifty day moving average is $206.44 and its 200-day moving average is $201.90. Lowe’s Companies, Inc. has a fifty-two week low of $170.12 and a fifty-two week high of $238.37.
Lowe’s Companies Company Profile
Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.
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