TAP Consulting LLC Boosts Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

TAP Consulting LLC grew its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,036 shares of the home improvement retailer’s stock after purchasing an additional 250 shares during the period. TAP Consulting LLC’s holdings in Lowe’s Companies were worth $2,233,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wetzel Investment Advisors Inc. purchased a new stake in Lowe’s Companies in the 4th quarter worth approximately $25,000. Orion Capital Management LLC acquired a new stake in shares of Lowe’s Companies during the third quarter worth $26,000. VisionPoint Advisory Group LLC grew its position in shares of Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 70 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Lowe’s Companies during the third quarter worth about $40,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in Lowe’s Companies during the fourth quarter worth about $47,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LOW shares. Robert W. Baird raised shares of Lowe’s Companies from an “average” rating to an “outperform” rating and set a $250.00 price objective for the company in a research note on Wednesday, February 14th. Gordon Haskett reaffirmed a “hold” rating and set a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, April 3rd. Wells Fargo & Company boosted their price objective on shares of Lowe’s Companies from $235.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Oppenheimer reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Lowe’s Companies in a research report on Monday, March 4th. Finally, Wedbush boosted their price target on Lowe’s Companies from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Lowe’s Companies has a consensus rating of “Hold” and an average price target of $252.52.

Lowe’s Companies Stock Down 0.1 %

Shares of LOW traded down $0.33 during trading on Thursday, reaching $229.96. The company’s stock had a trading volume of 1,984,976 shares, compared to its average volume of 2,513,587. The company has a market cap of $131.58 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.73 and a beta of 1.13. The company has a fifty day moving average of $239.92 and a two-hundred day moving average of $219.50. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.09. The firm had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Lowe’s Companies had a net margin of 8.94% and a negative return on equity of 51.42%. The firm’s quarterly revenue was down 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 earnings per share. As a group, equities analysts forecast that Lowe’s Companies, Inc. will post 12.21 EPS for the current fiscal year.

Lowe’s Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.91%. Lowe’s Companies’s dividend payout ratio (DPR) is 33.43%.

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.