Btc Capital Management buys $4,801,369 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Btc Capital Management scooped up 32,571 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 58,539 shares of Lowe's Companies which is valued at $4,801,369.Lowe's Companies makes up approximately 1.01% of Btc Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in LOW by selling 124,650 shares or 6.16% in the most recent quarter. The Hedge Fund company now holds 1,897,306 shares of LOW which is valued at $155,617,038. Lowe's Companies makes up approx 0.32% of California State Teachers Retirement System’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in LOW by selling 200 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 17,565 shares of LOW which is valued at $1,445,248. Lowe's Companies makes up approx 0.03% of Kornitzer Capital Management Inc Ks’s portfolio.Concert Wealth Management boosted its stake in LOW in the latest quarter, The investment management firm added 2,508 additional shares and now holds a total of 16,279 shares of Lowe's Companies which is valued at $1,339,436. Lowe's Companies makes up approx 0.18% of Concert Wealth Management’s portfolio.Ls Investment Advisors boosted its stake in LOW in the latest quarter, The investment management firm added 5,947 additional shares and now holds a total of 47,912 shares of Lowe's Companies which is valued at $3,864,103. Lowe's Companies makes up approx 0.26% of Ls Investment Advisors’s portfolio.Campbell Newman Asset Management Inc reduced its stake in LOW by selling 22,406 shares or 9.95% in the most recent quarter. The Hedge Fund company now holds 202,790 shares of LOW which is valued at $16,557,804. Lowe's Companies makes up approx 2.94% of Campbell Newman Asset Management Inc’s portfolio.

Lowe's Companies closed down -1.08 points or -1.32% at $80.94 with 40,27,705 shares getting traded on Thursday. Post opening the session at $81.18, the shares hit an intraday low of $80.52 and an intraday high of $82.09 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. Stifel Resumed Lowe's Companies on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $100.Company shares were Reiterated by Morgan Stanley on Jun 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.

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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