Brown Financial Advisors Has $1.40 Million Holdings in Lowe’s Companies, Inc. (NYSE:LOW)

Brown Financial Advisors decreased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,669 shares of the home improvement retailer’s stock after selling 120 shares during the quarter. Brown Financial Advisors’ holdings in Lowe’s Companies were worth $1,399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of Lowe’s Companies by 10.2% in the 3rd quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after buying an additional 2,399,897 shares during the last quarter. State Street Corp boosted its holdings in Lowe’s Companies by 1.9% in the third quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock valued at $6,774,948,000 after acquiring an additional 460,851 shares during the last quarter. Geode Capital Management LLC increased its position in Lowe’s Companies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock valued at $3,169,041,000 after purchasing an additional 187,473 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Lowe’s Companies by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,369,052 shares of the home improvement retailer’s stock worth $912,508,000 after purchasing an additional 39,953 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board raised its holdings in Lowe’s Companies by 1.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,343,365 shares of the home improvement retailer’s stock worth $634,700,000 after purchasing an additional 36,054 shares during the last quarter. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LOW has been the subject of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research report on Thursday, February 20th. TD Cowen increased their price target on Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a report on Monday, October 28th. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Sanford C. Bernstein upped their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Truist Financial lifted their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.96.

Lowe’s Companies Price Performance

Shares of LOW stock opened at $236.66 on Tuesday. The firm has a 50-day moving average of $252.84 and a 200-day moving average of $258.90. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company has a market cap of $133.63 billion, a P/E ratio of 19.74, a P/E/G ratio of 1.96 and a beta of 1.11.

Insider Buying and Selling at Lowe’s Companies

In other 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 value of $1,974,915.26. Following the completion of the transaction, the executive vice president now directly owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This represents a 30.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.26% of the company’s stock.

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.