Capital Investment Counsel Inc Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Capital Investment Counsel Inc reduced its stake in Lowe's Companies by 1.44% during the most recent quarter end. The investment management company now holds a total of 63,010 shares of Lowe's Companies which is valued at $4,759,775 after selling 920 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on May 3, 2016.Lowe's Companies makes up approximately 2.51% of Capital Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , First Midwest Bank Trust Division boosted its stake in LOW in the latest quarter, The investment management firm added 14,166 additional shares and now holds a total of 18,467 shares of Lowe's Companies which is valued at $1,403,861. Lowe's Companies makes up approx 0.18% of First Midwest Bank Trust Division’s portfolio.Sigma Planning Corp reduced its stake in LOW by selling 152 shares or 1.78% in the most recent quarter. The Hedge Fund company now holds 8,400 shares of LOW which is valued at $638,820. Lowe's Companies makes up approx 0.09% of Sigma Planning Corp’s portfolio.

Lowe's Companies opened for trading at $76.12 and hit $77.2 on the upside on Tuesday, eventually ending the session at $76.99, with a gain of 1.52% or 1.15 points. The heightened volatility saw the trading volume jump to 46,64,900 shares. Company has a market cap of $69,094 M.

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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