Lowe's Companies (LOW) : Iridian Asset Managementct scooped up 97,805 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 7,252,799 shares of Lowe's Companies which is valued at $544,032,453.Lowe's Companies makes up approximately 4.79% of Iridian Asset Managementct’s portfolio.
Other Hedge Funds, Including , Archford Capital Strategies sold out all of its stake in LOW during the most recent quarter. The investment firm sold 772 shares of LOW which is valued $57,908.Global X Management Co boosted its stake in LOW in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 215 shares of Lowe's Companies which is valued at $16,241.Tdam Usa reduced its stake in LOW by selling 6,175 shares or 11.4% in the most recent quarter. The Hedge Fund company now holds 48,006 shares of LOW which is valued at $3,626,373. Lowe's Companies makes up approx 0.18% of Tdam Usa’s portfolio.Pillar Pacific Capital Management boosted its stake in LOW in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 110,581 shares of Lowe's Companies which is valued at $8,353,289. Lowe's Companies makes up approx 1.45% of Pillar Pacific Capital Management’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.