Jacobs Levy Equity Management Inc. Makes New Investment in Lowe’s Companies, Inc. (NYSE:LOW)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 757 shares of the home improvement retailer’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hilltop Holdings Inc. grew its stake in shares of Lowe’s Companies by 46.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 6,021 shares of the home improvement retailer’s stock valued at $1,631,000 after buying an additional 1,915 shares during the period. ClearAlpha Technologies LP purchased a new position in Lowe’s Companies in the third quarter worth approximately $284,000. Ascent Group LLC increased its stake in Lowe’s Companies by 3.5% during the third quarter. Ascent Group LLC now owns 4,169 shares of the home improvement retailer’s stock worth $1,129,000 after acquiring an additional 141 shares during the last quarter. Benjamin Edwards Inc. raised its position in Lowe’s Companies by 2,869.2% in the third quarter. Benjamin Edwards Inc. now owns 67,580 shares of the home improvement retailer’s stock valued at $18,309,000 after purchasing an additional 65,304 shares during the period. Finally, Bamco Inc. NY lifted its stake in shares of Lowe’s Companies by 71.6% in the 3rd quarter. Bamco Inc. NY now owns 290,107 shares of the home improvement retailer’s stock valued at $78,575,000 after purchasing an additional 121,058 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.5 %

Lowe’s Companies stock opened at $270.13 on Wednesday. The stock has a market cap of $152.53 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a fifty day simple moving average of $271.07 and a 200-day simple moving average of $248.27. Lowe’s Companies, Inc. has a 12-month low of $205.84 and a 12-month high of $287.01.

Insiders Place Their Bets

In related news, EVP Quonta D. Vance sold 7,198 shares of the stock in a transaction on 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 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the completion of the sale, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at approximately $2,334,678.06. This trade represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,697 shares of company stock valued at $5,214,586 in the last ninety days. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on LOW. Evercore ISI boosted their price objective on shares of Lowe’s Companies from $255.00 to $270.00 and gave the company an “in-line” rating in a report on Wednesday, November 20th. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Sanford C. Bernstein lowered their price objective on shares of Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating for the company in a research report on Wednesday, November 20th. Gordon Haskett dropped their target price on shares of Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Finally, Barclays upped their price target on Lowe’s Companies from $229.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Ten research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $277.92.

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.