Boston Common Asset Management Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Boston Common Asset Management reduced its stake in Lowe's Companies by 1.32% during the most recent quarter end. The investment management company now holds a total of 110,908 shares of Lowe's Companies which is valued at $8.3 Million after selling 1,485 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on May 11, 2016.Lowe's Companies makes up approximately 1.22% of Boston Common Asset Management’s portfolio.

Other Hedge Funds, Including , Twin Capital Management Inc boosted its stake in LOW in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 105,840 shares of Lowe's Companies which is valued at $7.9 Million. Lowe's Companies makes up approx 0.62% of Twin Capital Management Inc’s portfolio.Dillon Associates Inc boosted its stake in LOW in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 74,887 shares of Lowe's Companies which is valued at $5.7 Million. Lowe's Companies makes up approx 2.66% of Dillon Associates Inc’s portfolio.Callahan Advisors boosted its stake in LOW in the latest quarter, The investment management firm added 6,452 additional shares and now holds a total of 58,839 shares of Lowe's Companies which is valued at $4.5 Million. Lowe's Companies makes up approx 1.24% of Callahan Advisors’s portfolio.Boston Family Office reduced its stake in LOW by selling 700 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 52,719 shares of LOW which is valued at $4 Million. Lowe's Companies makes up approx 0.53% of Boston Family Office’s portfolio.1st Source Bank boosted its stake in LOW in the latest quarter, The investment management firm added 670 additional shares and now holds a total of 11,486 shares of Lowe's Companies which is valued at $873,166. Lowe's Companies makes up approx 0.09% of 1st Source Bank’s portfolio.

Lowe's Companies opened for trading at $75.02 and hit $77.365 on the upside on Monday, eventually ending the session at $77, with a gain of 2.65% or 1.99 points. The heightened volatility saw the trading volume jump to 68,20,810 shares. Company has a market cap of $69,103 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. 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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