Lowe's Companies (LOW) : Moneta Group Investment Advisors scooped up 8,505 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 13, 2016. The investment management firm now holds a total of 94,040 shares of Lowe's Companies which is valued at $7.1 Million.Lowe's Companies makes up approximately 1.58% of Moneta Group Investment Advisors’s portfolio.
Other Hedge Funds, Including , Pcj Investment Counsel Ltd. added LOW to its portfolio by purchasing 10,800 company shares during the most recent quarter which is valued at $810,108. Lowe's Companies makes up approx 0.05% of Pcj Investment Counsel Ltd.’s portfolio.Tredje Ap-fonden boosted its stake in LOW in the latest quarter, The investment management firm added 28,626 additional shares and now holds a total of 88,789 shares of Lowe's Companies which is valued at $6.7 Million. Lowe's Companies makes up approx 0.31% of Tredje Ap-fonden’s portfolio. Gideon Capital Advisors sold out all of its stake in LOW during the most recent quarter. The investment firm sold 3,508 shares of LOW which is valued $263,135.Willingdon Wealth Management boosted its stake in LOW in the latest quarter, The investment management firm added 10,452 additional shares and now holds a total of 17,852 shares of Lowe's Companies which is valued at $1.3 Million. Lowe's Companies makes up approx 0.82% of Willingdon Wealth Management’s portfolio.American Century Companies Inc reduced its stake in LOW by selling 1,948,049 shares or 47.04% in the most recent quarter. The Hedge Fund company now holds 2,192,959 shares of LOW which is valued at $165.7 Million. Lowe's Companies makes up approx 0.19% of American Century Companies Inc’s portfolio.
Lowe's Companies opened for trading at $79.66 and hit $80.61 on the upside on Wednesday, eventually ending the session at $79.94, with a gain of 0.43% or 0.34 points. The heightened volatility saw the trading volume jump to 41,37,522 shares. Company has a market cap of $71,741 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. Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.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.
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.