Smith Affiliated Capital Corp. adds Lowe's Companies (LOW) to its portfolio

Lowe's Companies (LOW) : Smith Affiliated Capital Corp. added new position in Lowe's Companies during the most recent quarter end. The investment management firm now holds 1,100 shares of Lowe's Companies which is valued at $89,815 , the company said in a statement filed on Jul 11, 2016 with the SEC.Lowe's Companies makes up approximately 0.05% of Smith Affiliated Capital Corp.’s portfolio.

Other Hedge Funds, Including , Gulf International Bank (uk) Ltd reduced its stake in LOW by selling 2,639 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 274,741 shares of LOW which is valued at $22,432,603. Lowe's Companies makes up approx 0.37% of Gulf International Bank (uk) Ltd’s portfolio.Dnb Asset Management As boosted its stake in LOW in the latest quarter, The investment management firm added 2,300 additional shares and now holds a total of 80,990 shares of Lowe's Companies which is valued at $6,668,717. Lowe's Companies makes up approx 0.14% of Dnb Asset Management As’s portfolio.Osborn Rohs Williams Donohoe Ltd boosted its stake in LOW in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 45,964 shares of Lowe's Companies which is valued at $3,784,676. Lowe's Companies makes up approx 0.73% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Leith Wheeler Investment Counsel Ltd. boosted its stake in LOW in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 2,526 shares of Lowe's Companies which is valued at $207,991. Lowe's Companies makes up approx 0.18% of Leith Wheeler Investment Counsel Ltd.’s portfolio.

Lowe's Companies closed down -1.29 points or -1.56% at $81.65 with 54,05,703 shares getting traded on Wednesday. Post opening the session at $82.9, the shares hit an intraday low of $81.2901 and an intraday high of $82.9 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.

Investors should note that on May 27, 2016, Lowe's Companies announced a cash dividend of $0.3500. The company’s management has announced Jul 18, 2016 as the ex-dividend date and fixed the record date on Jul 20, 2016. The payable date has been fixed on Aug 3, 2016.

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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