Lowe's Companies (LOW) : Stralem Co Inc reduced its stake in Lowe's Companies by 9.38% during the most recent quarter end. The investment management company now holds a total of 369,450 shares of Lowe's Companies which is valued at $28,096,673 after selling 38,260 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Lowe's Companies makes up approximately 3.02% of Stralem Co Inc’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 , Capital One National Association reduced its stake in LOW by selling 2,127 shares or 8.28% in the most recent quarter. The Hedge Fund company now holds 23,574 shares of LOW which is valued at $1,792,803. Lowe's Companies makes up approx 0.16% of Capital One National Association’s portfolio.Alpha Windward reduced its stake in LOW by selling 17 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 2,788 shares of LOW which is valued at $215,540. Lowe's Companies makes up approx 0.15% of Alpha Windward’s portfolio.Gradient Investments reduced its stake in LOW by selling 210 shares or 5.11% in the most recent quarter. The Hedge Fund company now holds 3,901 shares of LOW which is valued at $301,586. Lowe's Companies makes up approx 0.04% of Gradient Investments’s portfolio.Prospera Financial Services Inc reduced its stake in LOW by selling 51 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 6,266 shares of LOW which is valued at $484,424. Lowe's Companies makes up approx 0.11% of Prospera Financial Services Inc’s portfolio.Sunnymeath Asset Management boosted its stake in LOW in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 11,750 shares of Lowe's Companies which is valued at $883,013. Lowe's Companies makes up approx 1.38% of Sunnymeath Asset 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.