Mcqueen Ball Associates adds Lowe's Companies (LOW) to its portfolio

Lowe's Companies (LOW) : Mcqueen Ball Associates added new position in Lowe's Companies during the most recent quarter end. The investment management firm now holds 33,517 shares of Lowe's Companies which is valued at $2,548,968 , the company said in a statement filed on Apr 18, 2016 with the SEC.Lowe's Companies makes up approximately 1.81% of Mcqueen Ball Associates’s portfolio.

Lowe's Companies opened for trading at $75.86 and hit $76.31 on the upside on Friday, eventually ending the session at $76.05, with a gain of 0.29% or 0.22 points. The heightened volatility saw the trading volume jump to 27,54,751 shares. Company has a market cap of $68,250 M.

Other Hedge Funds, Including , Highland Capital Management reduced its stake in LOW by selling 53,586 shares or 29.79% in the most recent quarter. The Hedge Fund company now holds 126,322 shares of LOW which is valued at $9,765,954. Lowe's Companies makes up approx 0.83% of Highland Capital Management’s portfolio.W.g. Shaheen Associates Dba Whitney Co reduced its stake in LOW by selling 400 shares or 12.9% in the most recent quarter. The Hedge Fund company now holds 2,700 shares of LOW which is valued at $208,737. Lowe's Companies makes up approx 0.09% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Triangle Securities Wealth Management reduced its stake in LOW by selling 605 shares or 1.58% in the most recent quarter. The Hedge Fund company now holds 37,727 shares of LOW which is valued at $2,835,184. Lowe's Companies makes up approx 1.86% of Triangle Securities Wealth Management’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.

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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