TAP Consulting LLC Buys 250 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

TAP Consulting LLC grew its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 2.6% in 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 reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at $25,000. Orion Capital Management LLC purchased a new stake in Lowe’s Companies in the 3rd quarter worth about $26,000. VisionPoint Advisory Group LLC lifted its stake in 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 worth $32,000 after purchasing an additional 70 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Lowe’s Companies during the third quarter valued at approximately $40,000. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of Lowe’s Companies during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Stock Down 0.1 %

Shares of LOW stock traded down $0.33 on Thursday, hitting $229.96. The company had a trading volume of 1,984,976 shares, compared to its average volume of 2,513,587. The firm has a market cap of $131.58 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.73 and a beta of 1.13. Lowe’s Companies, Inc. has a twelve month low of $181.85 and a twelve month high of $262.49. The company has a 50-day moving average price of $239.92 and a 200-day moving average price of $219.50.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 EPS for the quarter, topping the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to analyst estimates of $18.47 billion. During the same quarter in the prior year, the firm posted $2.28 EPS. The business’s quarterly revenue was down 17.1% compared to the same quarter last year. Equities research analysts expect that Lowe’s Companies, Inc. will post 12.21 EPS for the current year.

Lowe’s Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LOW. The Goldman Sachs Group raised their price target on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $240.00 to $225.00 and set a “hold” rating on the stock in a report on Friday, February 16th. JPMorgan Chase & Co. raised their price target on shares of Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 28th. Royal Bank of Canada boosted their price objective on shares of Lowe’s Companies from $190.00 to $246.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 28th. Finally, Citigroup raised their target price on shares of Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $252.52.

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.