Jolley Asset Management adds Lowe's Companies (LOW) to its portfolio

Lowe's Companies (LOW) : Jolley Asset Management added new position in Lowe's Companies during the most recent quarter end. The investment management firm now holds 1,000 shares of Lowe's Companies which is valued at $76,050 , the company said in a statement filed on Apr 21, 2016 with the SEC.Lowe's Companies makes up approximately 0.07% of Jolley Asset Management’s portfolio.

Lowe's Companies opened for trading at $76.49 and hit $77.23 on the upside on Wednesday, eventually ending the session at $76.94, with a gain of 0.81% or 0.62 points. The heightened volatility saw the trading volume jump to 32,45,778 shares. Company has a market cap of $69,049 M.

Other Hedge Funds, Including , Hartwell J M Limited Partnership boosted its stake in LOW in the latest quarter, The investment management firm added 11,125 additional shares and now holds a total of 21,775 shares of Lowe's Companies which is valued at $1,655,989. Lowe's Companies makes up approx 0.41% of Hartwell J M Limited Partnership’s portfolio.Private Bank Trust Co boosted its stake in LOW in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 17,173 shares of Lowe's Companies which is valued at $1,306,007. Lowe's Companies makes up approx 0.22% of Private Bank Trust Co’s portfolio. Boyd Watterson Asset Managementoh added LOW to its portfolio by purchasing 9,894 company shares during the most recent quarter which is valued at $764,905. Lowe's Companies makes up approx 0.38% of Boyd Watterson Asset Managementoh’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in LOW in the latest quarter, The investment management firm added 25,020 additional shares and now holds a total of 208,998 shares of Lowe's Companies which is valued at $16,157,635. Lowe's Companies makes up approx 0.37% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

On the company’s financial health, Lowe's Companies reported $0.59 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.59. The company had revenue of $13236.00 million for the quarter, compared to analysts expectations of $13071.83 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. Barclays Initiated Lowe's Companies on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $85.

Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.

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