New York State Common Retirement Fund Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : New York State Common Retirement Fund reduced its stake in Lowe's Companies by 6.44% during the most recent quarter end. The investment management company now holds a total of 2,865,093 shares of Lowe's Companies which is valued at $234,135,400 after selling 197,282 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Lowe's Companies makes up approximately 0.33% of New York State Common Retirement Fund’s portfolio.

Other Hedge Funds, Including , Matarin Capital Management boosted its stake in LOW in the latest quarter, The investment management firm added 8,382 additional shares and now holds a total of 69,320 shares of Lowe's Companies which is valued at $5,664,830. Lowe's Companies makes up approx 0.72% of Matarin Capital Management’s portfolio.Shell Asset Management Co boosted its stake in LOW in the latest quarter, The investment management firm added 21,633 additional shares and now holds a total of 117,941 shares of Lowe's Companies which is valued at $9,524,915. Lowe's Companies makes up approx 0.22% of Shell Asset Management Co’s portfolio.Boyd Watterson Asset Managementoh boosted its stake in LOW in the latest quarter, The investment management firm added 2,439 additional shares and now holds a total of 12,333 shares of Lowe's Companies which is valued at $1,010,319. Lowe's Companies makes up approx 0.49% of Boyd Watterson Asset Managementoh’s portfolio.Abner Herrman Brock boosted its stake in LOW in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 87,128 shares of Lowe's Companies which is valued at $7,114,001. Lowe's Companies makes up approx 1.64% of Abner Herrman Brock’s portfolio.Gateway Investment Advisers reduced its stake in LOW by selling 18,596 shares or 1.98% in the most recent quarter. The Hedge Fund company now holds 921,496 shares of LOW which is valued at $75,240,148. Lowe's Companies makes up approx 0.63% of Gateway Investment Advisers’s portfolio.

Lowe's Companies opened for trading at $76.32 and hit $77.87 on the upside on Friday, eventually ending the session at $77.82, with a gain of 1.82% or 1.39 points. The heightened volatility saw the trading volume jump to 64,91,184 shares. Company has a market cap of $68,957 M.

On the company’s financial health, Lowe's Companies reported $1.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $1.42. The company had revenue of $18260.00 million for the quarter, compared to analysts expectations of $18420.50 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 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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