Lowe's Companies (LOW) : American National Registered Investment Advisor reduced its stake in Lowe's Companies by 0.21% during the most recent quarter end. The investment management company now holds a total of 24,185 shares of Lowe's Companies which is valued at $1.8 Million after selling 50 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on May 13, 2016.Lowe's Companies makes up approximately 0.88% of American National Registered Investment Advisor’s portfolio.
Other Hedge Funds, Including , London Co Of Virginia boosted its stake in LOW in the latest quarter, The investment management firm added 365,881 additional shares and now holds a total of 3,982,568 shares of Lowe's Companies which is valued at $298.7 Million. Lowe's Companies makes up approx 2.46% of London Co Of Virginia’s portfolio.Hartline Investment Corp boosted its stake in LOW in the latest quarter, The investment management firm added 525 additional shares and now holds a total of 15,580 shares of Lowe's Companies which is valued at $1.2 Million. Lowe's Companies makes up approx 0.43% of Hartline Investment Corp’s portfolio.Capital Investment Counsel Inc reduced its stake in LOW by selling 920 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 63,010 shares of LOW which is valued at $4.8 Million. Lowe's Companies makes up approx 2.51% of Capital Investment Counsel Inc’s portfolio. S&co Inc added LOW to its portfolio by purchasing 3,630 company shares during the most recent quarter which is valued at $275,953. Lowe's Companies makes up approx 0.04% of S&co Inc’s portfolio.
Lowe's Companies opened for trading at $79.66 and hit $80.61 on the upside on Wednesday, eventually ending the session at $79.94, with a gain of 0.43% or 0.34 points. The heightened volatility saw the trading volume jump to 41,37,522 shares. Company has a market cap of $71,741 M.
On the company’s financial health, Lowe's Companies reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $15234.00 million for the quarter, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on Lowe's Companies. Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.Company shares were Reiterated by RBC Capital Mkts on May 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $86 .Lowe's Companies was Upgraded by Citigroup to ” Buy” on May 19, 2016.
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.