TigerOak Management L.L.C. Purchases New Position in Lowe’s Companies, Inc. (NYSE:LOW)

TigerOak Management L.L.C. purchased a new stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,466 shares of the home improvement retailer’s stock, valued at approximately $855,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of Lowe’s Companies by 10.2% during the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after acquiring an additional 2,399,897 shares in the last quarter. State Street Corp grew its position in Lowe’s Companies by 1.9% in the 3rd quarter. State Street Corp now owns 25,013,655 shares of the home improvement retailer’s stock worth $6,774,948,000 after purchasing an additional 460,851 shares during the period. Geode Capital Management LLC grew its position in Lowe’s Companies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 11,733,461 shares of the home improvement retailer’s stock worth $3,169,041,000 after purchasing an additional 187,473 shares during the period. Charles Schwab Investment Management Inc. grew its position in Lowe’s Companies by 1.2% in 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 period. Finally, Ontario Teachers Pension Plan Board grew its position in Lowe’s Companies by 1.6% in 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 period. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.3 %

Shares of LOW stock opened at $251.88 on Friday. The stock has a market cap of $142.23 billion, a P/E ratio of 21.01, a PEG ratio of 2.04 and a beta of 1.11. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The company’s fifty day simple moving average is $255.37 and its two-hundred day simple moving average is $258.38.

Wall Street Analyst Weigh In

LOW has been the subject of a number of research analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Lowe’s Companies in a research report on Thursday, December 12th. TD Cowen lifted their target price on shares of Lowe’s Companies from $270.00 to $290.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their price objective on shares of Lowe’s Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Royal Bank of Canada boosted their price objective on shares of Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, Barclays boosted their price objective on shares of Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Insider Activity

In other news, EVP Quonta D. Vance sold 7,198 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now directly owns 16,703 shares in the company, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.