Lowe’s Companies, Inc. (NYSE:LOW) Shares Sold by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC lowered its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,828 shares of the home improvement retailer’s stock after selling 67 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Lowe’s Companies were worth $698,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFS Advisors LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth about $25,000. Legacy Investment Solutions LLC acquired a new stake in Lowe’s Companies during the 3rd quarter worth about $27,000. Winch Advisory Services LLC lifted its position in Lowe’s Companies by 56.4% during the 4th quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock worth $30,000 after acquiring an additional 44 shares during the period. Marshall Investment Management LLC acquired a new stake in Lowe’s Companies during the 4th quarter worth about $31,000. Finally, JNBA Financial Advisors lifted its position 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 acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Trading Down 1.1 %

NYSE:LOW opened at $236.66 on Tuesday. Lowe’s Companies, Inc. has a 12 month low of $211.80 and a 12 month high of $287.01. The stock has a 50 day moving average of $252.84 and a two-hundred day moving average of $258.90. The firm has a market cap of $133.63 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LOW. Evercore ISI boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a report on Thursday, December 12th. DA Davidson boosted their price objective on Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price objective on shares of Lowe’s Companies in a report on Thursday, February 20th. Royal Bank of Canada boosted their price objective on Lowe’s Companies from $291.00 to $292.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, TD Cowen boosted their price objective on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $282.96.

Insiders Place Their Bets

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 sale, the executive vice president now directly owns 16,703 shares in the company, valued at $4,582,802.11. This represents 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 available at this link. 0.26% of the stock is owned by company insiders.

Lowe’s Companies Company 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.