GFG Capital LLC Invests $218,000 in Lowe’s Companies, Inc. (NYSE:LOW)

GFG Capital LLC purchased a new position in Lowe’s Companies, Inc. (NYSE:LOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 882 shares of the home improvement retailer’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds also recently modified their holdings of LOW. AMF Tjanstepension AB boosted its stake in Lowe’s Companies by 14.4% during the third quarter. AMF Tjanstepension AB now owns 159,742 shares of the home improvement retailer’s stock valued at $43,290,000 after buying an additional 20,123 shares in the last quarter. Creative Planning boosted its stake in Lowe’s Companies by 9.0% during the third quarter. Creative Planning now owns 222,818 shares of the home improvement retailer’s stock valued at $59,002,000 after buying an additional 18,383 shares in the last quarter. ERn Financial LLC bought a new position in Lowe’s Companies during the third quarter valued at about $245,000. Tsfg LLC boosted its stake in Lowe’s Companies by 128.2% during the third quarter. Tsfg LLC now owns 178 shares of the home improvement retailer’s stock valued at $48,000 after buying an additional 100 shares in the last quarter. Finally, Sumitomo Life Insurance Co. boosted its stake in Lowe’s Companies by 2.4% during the third quarter. Sumitomo Life Insurance Co. now owns 6,921 shares of the home improvement retailer’s stock valued at $1,875,000 after buying an additional 159 shares in the last quarter. Institutional investors own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Sanford C. Bernstein raised their target price on Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. TD Cowen upped their target price on Lowe’s Companies from $270.00 to $290.00 and gave the company a “hold” rating in a report on Monday, October 28th. Barclays upped their target price on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Royal Bank of Canada upped their target price 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, Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Lowe’s Companies in a report on Thursday, December 12th. Ten analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $281.64.

Lowe’s Companies Stock Performance

Shares of NYSE LOW opened at $252.77 on Friday. The firm has a market cap of $142.73 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.04 and a beta of 1.11. The business’s 50-day simple moving average is $256.15 and its 200-day simple moving average is $258.33. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01.

Insider Activity

In other Lowe’s Companies news, EVP Quonta D. Vance sold 7,198 shares of the firm’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 sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by 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.