Insider Selling: Lowe’s Companies, Inc. (NYSE:LOW) EVP Sells 7,198 Shares of Stock

Lowe’s Companies, Inc. (NYSE:LOW) EVP Quonta D. Vance sold 7,198 shares of the business’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 $4,582,802.11. This trade represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lowe’s Companies Price Performance

Shares of LOW stock traded down $0.76 during trading on Friday, hitting $272.43. 1,526,047 shares of the stock traded hands, compared to its average volume of 2,448,096. Lowe’s Companies, Inc. has a 52-week low of $196.32 and a 52-week high of $287.01. The firm has a market capitalization of $154.55 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The firm’s fifty day moving average price is $270.29 and its 200-day moving average price is $246.13.

Analyst Ratings Changes

A number of analysts recently commented on the stock. DA Davidson boosted their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. dropped their price objective on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a report on Wednesday, August 21st. Truist Financial raised their target price on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays lifted their price target 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, Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. Ten equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Institutional Investors Weigh In On Lowe’s Companies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Lowe’s Companies during the 3rd quarter worth about $27,000. Stephens Consulting LLC boosted its stake in Lowe’s Companies by 93.3% during the second quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after buying an additional 70 shares during the period. JNBA Financial Advisors increased its position in shares of Lowe’s Companies by 555.6% during the third quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. MFA Wealth Advisors LLC raised its stake in shares of 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 valued at $35,000 after acquiring an additional 70 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in shares of Lowe’s Companies in the 2nd quarter worth approximately $37,000. Hedge funds and other 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.