Fjell Capital LLC Takes $492,000 Position in Lowe’s Companies, Inc. (NYSE:LOW)

Fjell Capital LLC acquired a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,995 shares of the home improvement retailer’s stock, valued at approximately $492,000.

A number of other institutional investors have also recently bought and sold shares of the business. AMF Tjanstepension AB increased its stake in Lowe’s Companies by 14.4% in the 3rd quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares during the period. J.W. Cole Advisors Inc. grew its holdings in shares of Lowe’s Companies by 5.4% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 7,604 shares of the home improvement retailer’s stock valued at $2,060,000 after acquiring an additional 389 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Lowe’s Companies by 2.0% in the third quarter. Nisa Investment Advisors LLC now owns 217,811 shares of the home improvement retailer’s stock worth $58,994,000 after acquiring an additional 4,308 shares during the last quarter. Hunter Associates Investment Management LLC purchased a new stake in shares of Lowe’s Companies during the third quarter worth $241,000. Finally, SFE Investment Counsel boosted its position in Lowe’s Companies by 1.0% during the third quarter. SFE Investment Counsel now owns 49,018 shares of the home improvement retailer’s stock valued at $13,277,000 after purchasing an additional 507 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on LOW. Sanford C. Bernstein raised their price target on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Truist Financial raised their price objective 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. Barclays boosted their target price on shares of 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. Mizuho raised their price target on shares of Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada upped their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $282.96.

Lowe’s Companies Stock Performance

NYSE LOW opened at $242.33 on Wednesday. Lowe’s Companies, Inc. has a twelve month low of $211.80 and a twelve month high of $287.01. The stock has a market cap of $136.83 billion, a PE ratio of 20.21, a PEG ratio of 1.96 and a beta of 1.11. The firm has a 50-day simple moving average of $252.53 and a 200 day simple moving average of $258.94.

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.