Tacita Capital Inc Sells 120 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Tacita Capital Inc trimmed its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 27.6% in the fourth quarter, Holdings Channel reports. The firm owned 315 shares of the home improvement retailer’s stock after selling 120 shares during the quarter. Tacita Capital Inc’s holdings in Lowe’s Companies were worth $78,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC grew its stake in Lowe’s Companies by 1.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 74,235 shares of the home improvement retailer’s stock valued at $18,321,000 after purchasing an additional 920 shares in the last quarter. Mission Wealth Management LP boosted its stake in shares of Lowe’s Companies by 1.4% during the 4th quarter. Mission Wealth Management LP now owns 19,181 shares of the home improvement retailer’s stock worth $4,734,000 after acquiring an additional 259 shares during the period. Silver Coast Investments LLC boosted its stake in shares of Lowe’s Companies by 4.8% during the 4th quarter. Silver Coast Investments LLC now owns 2,191 shares of the home improvement retailer’s stock worth $541,000 after acquiring an additional 100 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of Lowe’s Companies by 5.1% during the 4th quarter. Fidelis Capital Partners LLC now owns 5,842 shares of the home improvement retailer’s stock worth $1,498,000 after acquiring an additional 282 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in shares of Lowe’s Companies by 19.1% during the 4th quarter. Plato Investment Management Ltd now owns 7,768 shares of the home improvement retailer’s stock worth $1,924,000 after acquiring an additional 1,244 shares during the period. 74.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wedbush reiterated a “neutral” rating and set a $250.00 target price on shares of Lowe’s Companies in a research note on Thursday, December 12th. Guggenheim reissued a “buy” rating and set a $300.00 price target on shares of Lowe’s Companies in a report on Thursday, December 12th. Royal Bank of Canada dropped their price target on Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Finally, BNP Paribas raised Lowe’s Companies to a “strong sell” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.83.

Lowe’s Companies Stock Performance

Lowe’s Companies stock opened at $245.64 on Tuesday. The stock has a market capitalization of $138.70 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. Lowe’s Companies, Inc. has a 52 week low of $211.80 and a 52 week high of $287.01. The stock has a fifty day moving average of $252.49 and a 200-day moving average of $259.24.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. The business 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%. On average, research analysts forecast 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.