Peapack Gladstone Financial Corp Buys 2,442 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Peapack Gladstone Financial Corp boosted its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 1.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,134 shares of the home improvement retailer’s stock after buying an additional 2,442 shares during the period. Peapack Gladstone Financial Corp’s holdings in Lowe’s Companies were worth $41,476,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in LOW. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies in the 3rd quarter valued at $27,000. Stephens Consulting LLC lifted its position 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 worth $32,000 after purchasing an additional 70 shares in the last quarter. JNBA Financial Advisors boosted its position in Lowe’s Companies by 555.6% in the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock valued at $32,000 after buying an additional 100 shares during the last quarter. MFA Wealth Advisors LLC increased its position in Lowe’s Companies by 118.6% in the third quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after purchasing an additional 70 shares during the period. Finally, Kimelman & Baird LLC acquired a new position in Lowe’s Companies in the second quarter valued at approximately $37,000. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $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 available at the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares in the company, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $263.50 on Friday. Lowe’s Companies, Inc. has a 52 week low of $206.08 and a 52 week high of $287.01. The stock’s fifty day moving average is $270.80 and its 200 day moving average is $248.90. The stock has a market capitalization of $148.79 billion, a P/E ratio of 21.98, a PEG ratio of 2.25 and a beta of 1.09.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho increased their target price on Lowe’s Companies from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday. Truist Financial reduced their target price on shares of Lowe’s Companies from $310.00 to $307.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Wednesday. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $230.00 to $305.00 in a research report on Tuesday, September 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.85.

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.