Lowe's Companies (LOW) : Peachtree Investment Advisors scooped up 570 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 31,412 shares of Lowe's Companies which is valued at $2,428,462.Lowe's Companies makes up approximately 2.41% of Peachtree Investment Advisors’s portfolio.
Lowe's Companies opened for trading at $76.59 and hit $77.46 on the upside on Friday, eventually ending the session at $77.31, with a gain of 1.06% or 0.81 points. The heightened volatility saw the trading volume jump to 49,67,240 shares. Company has a market cap of $69,381 M.
Other Hedge Funds, Including , Lau Associates added LOW to its portfolio by purchasing 13,650 company shares during the most recent quarter which is valued at $1,055,282. Lowe's Companies makes up approx 1.07% of Lau Associates’s portfolio.Greylin Investment Mangement Inc reduced its stake in LOW by selling 1,950 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 25,330 shares of LOW which is valued at $1,903,550. Lowe's Companies makes up approx 0.45% of Greylin Investment Mangement Inc’s portfolio.Indiana Trust Investment Management Co reduced its stake in LOW by selling 3,630 shares or 13.24% in the most recent quarter. The Hedge Fund company now holds 23,780 shares of LOW which is valued at $1,787,067. Lowe's Companies makes up approx 0.99% of Indiana Trust Investment Management Co’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 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.