Boston Common Asset Management Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Boston Common Asset Management reduced its stake in Lowe's Companies by 2.57% during the most recent quarter end. The investment management company now holds a total of 108,053 shares of Lowe's Companies which is valued at $8,774,984 after selling 2,855 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Lowe's Companies makes up approximately 1.26% of Boston Common Asset Management’s portfolio.

Other Hedge Funds, Including , Cape Ann Savings Bank reduced its stake in LOW by selling 950 shares or 7.57% in the most recent quarter. The Hedge Fund company now holds 11,602 shares of LOW which is valued at $942,198. Lowe's Companies makes up approx 1.25% of Cape Ann Savings Bank’s portfolio.Verus Financial Partners reduced its stake in LOW by selling 714 shares or 4.52% in the most recent quarter. The Hedge Fund company now holds 15,098 shares of LOW which is valued at $1,236,828. Lowe's Companies makes up approx 0.54% of Verus Financial Partners’s portfolio. Rosenbaum Jay D. added LOW to its portfolio by purchasing 2,550 company shares during the most recent quarter which is valued at $209,967. Lowe's Companies makes up approx 0.03% of Rosenbaum Jay D.’s portfolio.Washington Trust Bank boosted its stake in LOW in the latest quarter, The investment management firm added 191 additional shares and now holds a total of 1,596 shares of Lowe's Companies which is valued at $131,415. Lowe's Companies makes up approx 0.03% of Washington Trust Bank’s portfolio.

Lowe's Companies closed down -0.21 points or -0.26% at $81.21 with 68,53,518 shares getting traded on Wednesday. Post opening the session at $81.83, the shares hit an intraday low of $80.74 and an intraday high of $81.85 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 Morgan Stanley on Jun 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .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 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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