Holland Capital Management Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Holland Capital Management reduced its stake in Lowe's Companies by 33.37% during the most recent quarter end. The investment management company now holds a total of 885,071 shares of Lowe's Companies which is valued at $72,328,002 after selling 443,217 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Lowe's Companies makes up approximately 2.68% of Holland Capital Management’s portfolio.

Other Hedge Funds, Including , Dorsey Whitney Trust Co boosted its stake in LOW in the latest quarter, The investment management firm added 449 additional shares and now holds a total of 3,511 shares of Lowe's Companies which is valued at $286,919. Lowe's Companies makes up approx 0.06% of Dorsey Whitney Trust Co’s portfolio.Icon Advisers Incco reduced its stake in LOW by selling 17,300 shares or 14.46% in the most recent quarter. The Hedge Fund company now holds 102,300 shares of LOW which is valued at $8,348,703. Lowe's Companies makes up approx 0.55% of Icon Advisers Incco’s portfolio.Klingenstein Fields Co reduced its stake in LOW by selling 300 shares or 6.29% in the most recent quarter. The Hedge Fund company now holds 4,470 shares of LOW which is valued at $366,629. Lowe's Companies makes up approx 0.02% of Klingenstein Fields Co’s portfolio.Advisory Services Network boosted its stake in LOW in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 20,054 shares of Lowe's Companies which is valued at $1,619,561. Lowe's Companies makes up approx 0.36% of Advisory Services Network’s portfolio.Louisiana State Employees Retirement System reduced its stake in LOW by selling 3,100 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 58,100 shares of LOW which is valued at $4,692,156. Lowe's Companies makes up approx 0.24% of Louisiana State Employees Retirement System’s portfolio.

Lowe's Companies opened for trading at $76.32 and hit $77.87 on the upside on Friday, eventually ending the session at $77.82, with a gain of 1.82% or 1.39 points. The heightened volatility saw the trading volume jump to 64,91,184 shares. Company has a market cap of $68,957 M.

On the company’s financial health, Lowe's Companies reported $1.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $1.42. The company had revenue of $18260.00 million for the quarter, compared to analysts expectations of $18420.50 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. Stifel Resumed Lowe's Companies on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $100.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.

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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