Martingale Asset Management L P buys $43.5 Million stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Martingale Asset Management L P scooped up 54,039 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 11, 2016. The investment management firm now holds a total of 580,156 shares of Lowe's Companies which is valued at $43.5 Million.Lowe's Companies makes up approximately 0.86% of Martingale Asset Management L P’s portfolio.

Other Hedge Funds, Including , Timessquare Capital Management sold out all of its stake in LOW during the most recent quarter. The investment firm sold 111,652 shares of LOW which is valued $8.4 Million. Ausdal Financial Partners sold out all of its stake in LOW during the most recent quarter. The investment firm sold 669 shares of LOW which is valued $50,536.Exane Derivatives reduced its stake in LOW by selling 35,734 shares or 15.43% in the most recent quarter. The Hedge Fund company now holds 195,817 shares of LOW which is valued at $14.8 Million. Lowe's Companies makes up approx 2.64% of Exane Derivatives’s portfolio.Quantitative Investment Management reduced its stake in LOW by selling 84,700 shares or 87.86% in the most recent quarter. The Hedge Fund company now holds 11,700 shares of LOW which is valued at $883,818. Lowe's Companies makes up approx 0.04% of Quantitative Investment Management’s portfolio.Goss Wealth Management boosted its stake in LOW in the latest quarter, The investment management firm added 3,073 additional shares and now holds a total of 43,865 shares of Lowe's Companies which is valued at $3.3 Million. Lowe's Companies makes up approx 2.81% of Goss Wealth Management’s portfolio.

Lowe's Companies opened for trading at $75.02 and hit $77.365 on the upside on Monday, eventually ending the session at $77, with a gain of 2.65% or 1.99 points. The heightened volatility saw the trading volume jump to 68,20,810 shares. Company has a market cap of $69,103 M.

On the company’s financial health, Lowe's Companies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $15234.00 million for the quarter, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 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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