Marvin Palmer Associates Inc Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Marvin Palmer Associates Inc reduced its stake in Lowe's Companies by 31.55% during the most recent quarter end. The investment management company now holds a total of 31,355 shares of Lowe's Companies which is valued at $2,562,331 after selling 14,450 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 3.03% of Marvin Palmer Associates Inc’s portfolio.

Other Hedge Funds, Including , New York State Common Retirement Fund reduced its stake in LOW by selling 197,282 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 2,865,093 shares of LOW which is valued at $234,135,400. Lowe's Companies makes up approx 0.33% of New York State Common Retirement Fund’s portfolio. Hanlon Investment Management added LOW to its portfolio by purchasing 58,682 company shares during the most recent quarter which is valued at $4,813,098. Lowe's Companies makes up approx 0.41% of Hanlon Investment Management’s portfolio. Lmr Partners Llp added LOW to its portfolio by purchasing 27,532 company shares during the most recent quarter which is valued at $2,265,333. Lowe's Companies makes up approx 0.34% of Lmr Partners Llp’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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