Sigma Investment Counselors Inc Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Sigma Investment Counselors Inc reduced its stake in Lowe's Companies by 2.6% during the most recent quarter end. The investment management company now holds a total of 54,857 shares of Lowe's Companies which is valued at $4,170,229 after selling 1,464 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Lowe's Companies makes up approximately 0.73% of Sigma Investment Counselors Inc’s portfolio.

Lowe's Companies opened for trading at $75.33 and hit $76.73 on the upside on Monday, eventually ending the session at $76.14, with a gain of 0.16% or 0.12 points. The heightened volatility saw the trading volume jump to 42,56,369 shares. Company has a market cap of $68,331 M.

Other Hedge Funds, Including , Cambridge Advisors reduced its stake in LOW by selling 700 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 26,928 shares of LOW which is valued at $2,047,067. Lowe's Companies makes up approx 0.95% of Cambridge Advisors’s portfolio.Quantitative Systematic Strategies reduced its stake in LOW by selling 1,556 shares or 35.19% in the most recent quarter. The Hedge Fund company now holds 2,866 shares of LOW which is valued at $217,959. Lowe's Companies makes up approx 0.08% of Quantitative Systematic Strategies’s portfolio.Hartwell J M Limited Partnership boosted its stake in LOW in the latest quarter, The investment management firm added 11,125 additional shares and now holds a total of 21,775 shares of Lowe's Companies which is valued at $1,655,989. Lowe's Companies makes up approx 0.41% of Hartwell J M Limited Partnership’s portfolio. Banced Corp added LOW to its portfolio by purchasing 10,886 company shares during the most recent quarter which is valued at $841,597. Lowe's Companies makes up approx 1.46% of Banced Corp’s portfolio.

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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