Dillon Associates Inc buys $5,656,964 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Dillon Associates Inc scooped up 245 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 74,887 shares of Lowe's Companies which is valued at $5,656,964.Lowe's Companies makes up approximately 2.66% of Dillon Associates Inc’s portfolio.

Other Hedge Funds, Including , Moisand Fitzgerald Tamayo sold out all of its stake in LOW during the most recent quarter. The investment firm sold 230 shares of LOW which is valued $17,485. Horan Capital Management sold out all of its stake in LOW during the most recent quarter. The investment firm sold 5,765 shares of LOW which is valued $438,428.

Lowe's Companies opened for trading at $76.12 and hit $77.2 on the upside on Tuesday, eventually ending the session at $76.99, with a gain of 1.52% or 1.15 points. The heightened volatility saw the trading volume jump to 46,64,900 shares. Company has a market cap of $69,094 M.

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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