Tidemark LLC Increases Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

Tidemark LLC increased its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319 shares of the home improvement retailer’s stock after acquiring an additional 62 shares during the quarter. Tidemark LLC’s holdings in Lowe’s Companies were worth $79,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LOW. United Bank grew its stake in shares of Lowe’s Companies by 1.4% in the 3rd quarter. United Bank now owns 10,099 shares of the home improvement retailer’s stock valued at $2,735,000 after purchasing an additional 137 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of Lowe’s Companies by 3.5% during the third quarter. Zions Bancorporation N.A. now owns 1,749 shares of the home improvement retailer’s stock worth $474,000 after purchasing an additional 59 shares during the period. CIBC Asset Management Inc grew its position in Lowe’s Companies by 8.0% in the 3rd quarter. CIBC Asset Management Inc now owns 83,918 shares of the home improvement retailer’s stock valued at $22,729,000 after buying an additional 6,232 shares during the last quarter. Coastline Trust Co increased its stake in Lowe’s Companies by 3.7% in the 3rd quarter. Coastline Trust Co now owns 9,633 shares of the home improvement retailer’s stock valued at $2,609,000 after buying an additional 340 shares during the period. Finally, Natixis Advisors LLC raised its position in Lowe’s Companies by 8.6% during the 3rd quarter. Natixis Advisors LLC now owns 506,142 shares of the home improvement retailer’s stock worth $137,088,000 after buying an additional 40,106 shares during the last quarter. Hedge funds and other institutional investors own 74.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LOW shares. Sanford C. Bernstein lifted their target price on shares of Lowe’s Companies from $301.00 to $304.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Piper Sandler reduced their price objective on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada dropped their target price on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $305.00 price target on shares of Lowe’s Companies in a report on Wednesday, February 26th. Finally, Bank of America dropped their price objective on Lowe’s Companies from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.83.

Lowe’s Companies Stock Performance

LOW stock opened at $224.64 on Friday. The stock’s 50 day moving average price is $250.18 and its 200 day moving average price is $258.56. The firm has a market cap of $126.84 billion, a P/E ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a 1 year low of $211.80 and a 1 year high of $287.01.

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