Tidal Investments LLC Has $11.73 Million Stake in Lowe’s Companies, Inc. (NYSE:LOW)

Tidal Investments LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 14.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,307 shares of the home improvement retailer’s stock after buying an additional 5,595 shares during the period. Tidal Investments LLC’s holdings in Lowe’s Companies were worth $11,730,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth approximately $27,000. Stephens Consulting LLC lifted its holdings in Lowe’s Companies by 93.3% during the 2nd quarter. Stephens Consulting LLC now owns 145 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the last quarter. JNBA Financial Advisors lifted its holdings in 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 purchasing an additional 100 shares during the last quarter. MFA Wealth Advisors LLC lifted its holdings in 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 purchasing an additional 70 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in Lowe’s Companies during the 2nd quarter worth approximately $37,000. 74.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on LOW. Guggenheim reissued a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday. Wells Fargo & Company raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. UBS Group raised their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Barclays raised their price objective 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. Finally, DA Davidson raised their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Lowe’s Companies currently has a consensus rating of “Moderate Buy” and an average price target of $280.85.

Insider Buying and Selling

In related news, EVP Quonta D. Vance sold 7,198 shares of the company’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 transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the transaction, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This trade represents a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $263.50 on Friday. The company has a market capitalization of $148.79 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.25 and a beta of 1.09. The business’s 50-day moving average is $270.80 and its 200-day moving average is $248.90. Lowe’s Companies, Inc. has a 1 year low of $206.08 and a 1 year high of $287.01.

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.