Quonta D. Vance Sells 7,198 Shares of Lowe’s Companies, Inc. (NYSE:LOW) Stock

Lowe’s Companies, Inc. (NYSE:LOW) EVP Quonta D. Vance sold 7,198 shares of the business’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 sale, the executive vice president now 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 is accessible through this link.

Lowe’s Companies Stock Down 0.3 %

LOW traded down $0.76 on Friday, hitting $272.43. The company had a trading volume of 1,526,047 shares, compared to its average volume of 2,448,096. Lowe’s Companies, Inc. has a 12-month low of $196.32 and a 12-month high of $287.01. The business’s fifty day simple moving average is $270.29 and its 200 day simple moving average is $246.13. The company has a market cap of $154.55 billion, a PE ratio of 22.72, a PEG ratio of 2.29 and a beta of 1.10.

Analyst Upgrades and Downgrades

A number of analysts have commented on LOW shares. Barclays upped their target price on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Melius Research started coverage on Lowe’s Companies in a research report on Monday, September 23rd. They set a “buy” rating and a $290.00 target price on the stock. DA Davidson upped their price target on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Mizuho lifted their price objective on Lowe’s Companies from $280.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, UBS Group increased their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $277.92.

Hedge Funds Weigh In On Lowe’s Companies

Several large investors have recently modified their holdings of the stock. Legacy Investment Solutions LLC bought a new position in shares of Lowe’s Companies during the third quarter valued at approximately $27,000. Stephens Consulting LLC boosted its stake in shares of Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. JNBA Financial Advisors grew its holdings in shares of Lowe’s Companies by 555.6% in the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. MFA Wealth Advisors LLC increased its stake in Lowe’s Companies by 118.6% in the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after buying an additional 70 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in Lowe’s Companies during the 2nd quarter valued at about $37,000. Institutional investors own 74.06% of the company’s stock.

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.