Lowe's Companies (LOW) : Beacon Financial Group reduced its stake in Lowe's Companies by 4.28% during the most recent quarter end. The investment management company now holds a total of 26,767 shares of Lowe's Companies which is valued at $2 Million after selling 1,196 shares in Lowe's Companies according to a report filed by the company on Apr 1, 2016 with the SEC.Lowe's Companies makes up approximately 0.44% of Beacon Financial Group’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.
Investors should note that on Mar 18, 2016, Lowe's Companies announced a cash dividend of $0.2800. The company’s management has announced Apr 18, 2016 as the ex-dividend date and fixed the record date on Apr 20, 2016. The payable date has been fixed on May 4, 2016.
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 opened for trading at $75.09 and hit $76.08 on the upside on Monday, eventually ending the session at $75.15, with a gain of 0.16% or 0.12 points. The heightened volatility saw the trading volume jump to 38,52,092 shares. Company has a market cap of $67,443 M.
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.