Lodestar Investment Counselil buys $23,011,970 stake in LOWES COS INC COM (LOW)

LOWES COS INC COM (LOW) : Lodestar Investment Counselil scooped up 2,482 additional shares in LOWES COS INC COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 302,590 shares of LOWES COS INC COM which is valued at $23,011,970.LOWES COS INC COM makes up approximately 3.25% of Lodestar Investment Counselil’s portfolio.

LOWES COS INC COM opened for trading at $76.49 and hit $77.23 on the upside on Wednesday, eventually ending the session at $76.94, with a gain of 0.81% or 0.62 points. The heightened volatility saw the trading volume jump to 32,45,778 shares. Company has a market cap of $69,049 M.

Other Hedge Funds, Including , Hartwell J M Limited Partnership boosted its stake in LOW in the latest quarter, The investment management firm added 11,125 additional shares and now holds a total of 21,775 shares of LOWES COS INC COM which is valued at $1,655,989. LOWES COS INC COM makes up approx 0.41% of Hartwell J M Limited Partnership’s portfolio.Watch Point Trust Co reduced its stake in LOW by selling 90 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 19,350 shares of LOW which is valued at $1,471,568. LOWES COS INC COM makes up approx 1.29% of Watch Point Trust Co’s portfolio.Bridge Creek Capital Management reduced its stake in LOW by selling 600 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 38,100 shares of LOW which is valued at $2,945,511. LOWES COS INC COM makes up approx 1.70% of Bridge Creek Capital Management’s portfolio.Bridge Creek Capital Management reduced its stake in LOW by selling 600 shares or 1.55% in the most recent quarter. The Hedge Fund company now holds 38,100 shares of LOW which is valued at $2,945,511. LOWES COS INC COM makes up approx 1.70% of Bridge Creek Capital Management’s portfolio.Charter Trust Co boosted its stake in LOW in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 40,946 shares of LOWES COS INC COM which is valued at $3,077,092. LOWES COS INC COM makes up approx 0.38% of Charter Trust Co’s portfolio.

On the company’s financial health, LOWES COS INC COM 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 LOWES COS INC COM. Barclays Initiated LOWES COS INC COM 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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