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

TAP Consulting LLC lowered its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,347 shares of the home improvement retailer’s stock after selling 487 shares during the period. TAP Consulting LLC’s holdings in Lowe’s Companies were worth $3,047,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. IFS Advisors LLC purchased a new position in shares of Lowe’s Companies in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new stake in Lowe’s Companies in the third quarter worth about $27,000. Winch Advisory Services LLC boosted its stake in Lowe’s Companies by 56.4% in the fourth quarter. Winch Advisory Services LLC now owns 122 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 44 shares during the last quarter. Marshall Investment Management LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at approximately $31,000. Finally, Financial Life Planners purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $45,000. Institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LOW shares. Wedbush reiterated a “neutral” rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $305.00 price target on shares of Lowe’s Companies in a research note on Wednesday, February 26th. Barclays boosted their price objective on Lowe’s Companies from $229.00 to $245.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Piper Sandler reduced their target price on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Performance

NYSE LOW opened at $225.47 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $211.80 and a 52-week high of $287.01. The company has a fifty day moving average of $248.81 and a 200-day moving average of $258.07. The company has a market capitalization of $127.31 billion, a P/E ratio of 18.81, a P/E/G ratio of 1.96 and a beta of 1.12.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.83 by $0.10. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. As a group, analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

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.