Kingfisher Capital LLC Has $4.27 Million Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Kingfisher Capital LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,773 shares of the home improvement retailer’s stock after selling 952 shares during the quarter. Kingfisher Capital LLC’s holdings in Lowe’s Companies were worth $4,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LOW. 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 in the last quarter. JNBA Financial Advisors lifted its holdings in shares of Lowe’s Companies by 555.6% during the 3rd quarter. JNBA Financial Advisors now owns 118 shares of the home improvement retailer’s stock worth $32,000 after acquiring an additional 100 shares during the period. MFA Wealth Advisors LLC lifted its holdings in shares of Lowe’s Companies by 118.6% during the 3rd quarter. MFA Wealth Advisors LLC now owns 129 shares of the home improvement retailer’s stock worth $35,000 after acquiring an additional 70 shares during the period. Kimelman & Baird LLC acquired a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $37,000. Finally, Tsfg LLC increased its stake in Lowe’s Companies by 128.2% in the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after acquiring an additional 100 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LOW has been the subject of a number of analyst reports. Loop Capital upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $300.00 in a research note on Wednesday, October 9th. UBS Group raised their target price on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Gordon Haskett lowered their price target on Lowe’s Companies from $245.00 to $240.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Barclays lifted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lowe’s Companies from $272.00 to $270.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 21st. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Stock Down 0.5 %

Lowe’s Companies stock opened at $273.19 on Friday. The business’s 50-day simple moving average is $270.04 and its 200 day simple moving average is $245.85. The stock has a market cap of $154.98 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 2.29 and a beta of 1.10. Lowe’s Companies, Inc. has a 12-month low of $196.32 and a 12-month high of $287.01.

Insider Buying and Selling at Lowe’s Companies

In related news, EVP Margrethe R. Vagell sold 5,730 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the completion of the sale, the executive vice president now directly owns 13,214 shares of the company’s stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 9,383 shares in the company, valued at approximately $2,334,678.06. The trade was a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.26% 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.