Navellier & Associates Inc. Has $1.02 Million Stock Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Navellier & Associates Inc. trimmed its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 39.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,111 shares of the home improvement retailer’s stock after selling 2,685 shares during the period. Navellier & Associates Inc.’s holdings in Lowe’s Companies were worth $1,015,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Summit Place Financial Advisors LLC boosted its stake in shares of Lowe’s Companies by 2.8% during the third quarter. Summit Place Financial Advisors LLC now owns 1,375 shares of the home improvement retailer’s stock valued at $372,000 after purchasing an additional 37 shares in the last quarter. Klingenstein Fields & Co. LP lifted its stake in shares of Lowe’s Companies by 1.0% in the fourth quarter. Klingenstein Fields & Co. LP now owns 4,101 shares of the home improvement retailer’s stock worth $1,012,000 after acquiring an additional 39 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Lowe’s Companies by 0.5% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 7,460 shares of the home improvement retailer’s stock worth $2,021,000 after acquiring an additional 40 shares during the period. Saxony Capital Management LLC lifted its stake in shares of Lowe’s Companies by 4.2% in the fourth quarter. Saxony Capital Management LLC now owns 994 shares of the home improvement retailer’s stock worth $245,000 after acquiring an additional 40 shares during the period. Finally, Powers Advisory Group LLC lifted its stake in shares of Lowe’s Companies by 2.7% in the fourth quarter. Powers Advisory Group LLC now owns 1,541 shares of the home improvement retailer’s stock worth $380,000 after acquiring an additional 40 shares during the period. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Trading Down 3.0 %

Shares of Lowe’s Companies stock opened at $238.93 on Friday. The stock has a fifty day simple moving average of $253.31 and a 200 day simple moving average of $258.70. Lowe’s Companies, Inc. has a 12-month low of $211.80 and a 12-month high of $287.01. The company has a market capitalization of $134.91 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Insider Buying and Selling

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was 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 owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. The trade was 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 accessible through this link. 0.26% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on LOW shares. Wedbush reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Sanford C. Bernstein lifted their price objective 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. Royal Bank of Canada lifted their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Mizuho lifted their target price on Lowe’s Companies from $282.00 to $305.00 and gave the stock an “outperform” 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. According to data from MarketBeat.com, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus target price of $282.96.

Lowe’s Companies 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.