Lowe’s Companies, Inc. (NYSE:LOW) Shares Acquired by Tidemark LLC

Tidemark LLC boosted its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 24.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 319 shares of the home improvement retailer’s stock after purchasing an additional 62 shares during the quarter. Tidemark LLC’s holdings in Lowe’s Companies were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Lowe’s Companies by 10.2% in the third quarter. FMR LLC now owns 26,010,730 shares of the home improvement retailer’s stock valued at $7,045,006,000 after purchasing an additional 2,399,897 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Lowe’s Companies during the 4th quarter valued at $314,435,000. Strategic Financial Concepts LLC grew its stake in shares of Lowe’s Companies by 24,531.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,228,102 shares of the home improvement retailer’s stock valued at $303,096,000 after buying an additional 1,223,116 shares during the period. Amundi increased its holdings in shares of Lowe’s Companies by 60.1% during the 4th quarter. Amundi now owns 2,603,305 shares of the home improvement retailer’s stock worth $642,730,000 after buying an additional 976,823 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Lowe’s Companies by 42,529.8% in the 4th quarter. Proficio Capital Partners LLC now owns 846,202 shares of the home improvement retailer’s stock worth $208,843,000 after buying an additional 844,217 shares during the period. 74.06% of the stock is currently owned by institutional investors and hedge funds.

Lowe’s Companies Stock Performance

Shares of LOW stock opened at $224.64 on Friday. The stock has a market capitalization of $126.84 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 1.96 and a beta of 1.12. Lowe’s Companies, Inc. has a one year low of $211.80 and a one year high of $287.01. The company’s 50-day simple moving average is $250.18 and its 200-day simple moving average is $258.56.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, February 26th. The home improvement retailer reported $1.93 EPS for the quarter, topping 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 company had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.29 billion. As a group, research analysts forecast that Lowe’s Companies, Inc. will post 11.9 EPS for the current year.

Analyst Upgrades and Downgrades

LOW has been the subject of a number of research reports. Guggenheim reissued a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Sanford C. Bernstein boosted their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Truist Financial cut their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. DA Davidson raised their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler decreased their price target 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. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average target price of $280.83.

About Lowe’s Companies

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.