Stearns Financial Services Group Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Stearns Financial Services Group reduced its stake in Lowe's Companies by 1.59% during the most recent quarter end. The investment management company now holds a total of 34,879 shares of Lowe's Companies which is valued at $2,616,274 after selling 564 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on May 10, 2016.Lowe's Companies makes up approximately 0.78% of Stearns Financial Services Group’s portfolio.

Other Hedge Funds, Including , Smith Salley Associates added LOW to its portfolio by purchasing 14,975 company shares during the most recent quarter which is valued at $1,123,275. Lowe's Companies makes up approx 0.29% of Smith Salley Associates’s portfolio.Rmb Capital Management reduced its stake in LOW by selling 7,989 shares or 4.62% in the most recent quarter. The Hedge Fund company now holds 165,106 shares of LOW which is valued at $12,384,601. Lowe's Companies makes up approx 0.92% of Rmb Capital Management’s portfolio.Ftb Advisors boosted its stake in LOW in the latest quarter, The investment management firm added 9,919 additional shares and now holds a total of 90,081 shares of Lowe's Companies which is valued at $6,756,976. Lowe's Companies makes up approx 0.76% of Ftb Advisors’s portfolio.Winfield Associates reduced its stake in LOW by selling 380 shares or 13.1% in the most recent quarter. The Hedge Fund company now holds 2,520 shares of LOW which is valued at $191,570. Lowe's Companies makes up approx 0.13% of Winfield Associates’s portfolio.Duncker Streett Co Inc boosted its stake in LOW in the latest quarter, The investment management firm added 1,809 additional shares and now holds a total of 18,483 shares of Lowe's Companies which is valued at $1,405,078. Lowe's Companies makes up approx 0.52% of Duncker Streett Co Inc’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 $0.59 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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