Farr Miller Washingtondc Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Farr Miller Washingtondc reduced its stake in Lowe's Companies by 1.1% during the most recent quarter end. The investment management company now holds a total of 392,890 shares of Lowe's Companies which is valued at $29.5 Million after selling 4,354 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on May 12, 2016.Lowe's Companies makes up approximately 3.44% of Farr Miller Washingtondc’s portfolio.

Other Hedge Funds, Including , Pegasus Partners Ltd. added LOW to its portfolio by purchasing 12,210 company shares during the most recent quarter which is valued at $915,872. Lowe's Companies makes up approx 0.50% of Pegasus Partners Ltd.’s portfolio.Novare Capital Management boosted its stake in LOW in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 2,857 shares of Lowe's Companies which is valued at $214,304. Lowe's Companies makes up approx 0.06% of Novare Capital Management’s portfolio.Formidable Asset Management reduced its stake in LOW by selling 1,830 shares or 18.79% in the most recent quarter. The Hedge Fund company now holds 7,911 shares of LOW which is valued at $593,404. Lowe's Companies makes up approx 0.42% of Formidable Asset Management’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 closed down -0.04 points or -0.05% at $79.82 with 49,00,564 shares getting traded on Friday. Post opening the session at $80.13, the shares hit an intraday low of $79.51 and an intraday high of $80.3289 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 $0.87 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. 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. 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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