Hantz Financial Services Inc. Sells 635 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Hantz Financial Services Inc. trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,652 shares of the home improvement retailer’s stock after selling 635 shares during the period. Hantz Financial Services Inc.’s holdings in Lowe’s Companies were worth $8,573,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vinva Investment Management Ltd boosted its stake in Lowe’s Companies by 2.3% during the third quarter. Vinva Investment Management Ltd now owns 6,059 shares of the home improvement retailer’s stock worth $1,619,000 after buying an additional 134 shares during the period. Noesis Capital Mangement Corp raised its stake in shares of Lowe’s Companies by 2.7% in the third quarter. Noesis Capital Mangement Corp now owns 62,843 shares of the home improvement retailer’s stock valued at $17,021,000 after acquiring an additional 1,647 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Lowe’s Companies by 11.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 532,194 shares of the home improvement retailer’s stock worth $144,145,000 after acquiring an additional 53,340 shares during the last quarter. Fiduciary Trust Co boosted its stake in shares of Lowe’s Companies by 3.3% during the 3rd quarter. Fiduciary Trust Co now owns 69,961 shares of the home improvement retailer’s stock worth $18,949,000 after purchasing an additional 2,216 shares during the period. Finally, CreativeOne Wealth LLC boosted its stake in shares of Lowe’s Companies by 18.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 12,344 shares of the home improvement retailer’s stock worth $3,343,000 after purchasing an additional 1,924 shares during the period. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LOW. StockNews.com raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, September 18th. Oppenheimer raised Lowe’s Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $230.00 to $305.00 in a research note on Tuesday, September 24th. Bank of America upped their price objective on Lowe’s Companies from $275.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Truist Financial lifted their target price on Lowe’s Companies from $307.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein cut their price target on shares of Lowe’s Companies from $306.00 to $301.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $277.92.

Lowe’s Companies Price Performance

LOW opened at $272.43 on Friday. The firm has a market capitalization of $154.55 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The business’s 50-day moving average is $270.29 and its two-hundred day moving average is $246.13. Lowe’s Companies, Inc. has a 1 year low of $196.32 and a 1 year high of $287.01.

Insider Activity

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the transaction, the chief accounting officer now directly owns 9,383 shares of the company’s stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,582,802.11. This represents a 30.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,697 shares of company stock worth $5,214,586. Corporate 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.