Lowe's Companies (LOW) : Edgemoor Investment Advisors reduced its stake in Lowe's Companies by 2.44% during the most recent quarter end. The investment management company now holds a total of 353,709 shares of Lowe's Companies which is valued at $26,531,712 after selling 8,850 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on May 9, 2016.Lowe's Companies makes up approximately 4.19% of Edgemoor Investment Advisors’s portfolio.
Other Hedge Funds, Including , Johnson Financial Group boosted its stake in LOW in the latest quarter, The investment management firm added 4,180 additional shares and now holds a total of 59,351 shares of Lowe's Companies which is valued at $4,451,919. Lowe's Companies makes up approx 0.88% of Johnson Financial Group’s portfolio. Ausdal Financial Partners sold out all of its stake in LOW during the most recent quarter. The investment firm sold 669 shares of LOW which is valued $50,536. Intrust Bank Na added LOW to its portfolio by purchasing 2,701 company shares during the most recent quarter which is valued at $204,034. Lowe's Companies makes up approx 0.07% of Intrust Bank Na’s portfolio.Cypress Asset Management Inctx boosted its stake in LOW in the latest quarter, The investment management firm added 508 additional shares and now holds a total of 29,431 shares of Lowe's Companies which is valued at $2,223,218. Lowe's Companies makes up approx 0.45% of Cypress Asset Management Inctx’s portfolio.Granite Investment Partners reduced its stake in LOW by selling 1,500 shares or 10.17% in the most recent quarter. The Hedge Fund company now holds 13,250 shares of LOW which is valued at $1,007,265. Lowe's Companies makes up approx 0.09% of Granite Investment Partners’s portfolio.
Lowe's Companies closed down -0.39 points or -0.52% at $75.01 with 56,46,883 shares getting traded on Friday. Post opening the session at $75.08, the shares hit an intraday low of $74.99 and an intraday high of $76.3 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.