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

Lowe's Companies (LOW) : Newfocus Financial Group reduced its stake in Lowe's Companies by 0.38% during the most recent quarter end. The investment management company now holds a total of 45,092 shares of Lowe's Companies which is valued at $3,680,409 after selling 172 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Lowe's Companies makes up approximately 2.61% of Newfocus Financial Group’s portfolio.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in LOW in the latest quarter, The investment management firm added 10,344 additional shares and now holds a total of 46,864 shares of Lowe's Companies which is valued at $3,825,040. Lowe's Companies makes up approx 0.15% of Private Advisor Group’s portfolio.Tdam Usa boosted its stake in LOW in the latest quarter, The investment management firm added 184 additional shares and now holds a total of 48,190 shares of Lowe's Companies which is valued at $3,938,087. Lowe's Companies makes up approx 0.19% of Tdam Usa’s portfolio.Alexandria Capital boosted its stake in LOW in the latest quarter, The investment management firm added 1,631 additional shares and now holds a total of 1,831 shares of Lowe's Companies which is valued at $149,629. Lowe's Companies makes up approx 0.03% of Alexandria Capital’s portfolio.

Lowe's Companies closed down -4.6 points or -5.65% at $76.88 with 1,91,08,686 shares getting traded on Wednesday. Post opening the session at $77.67, the shares hit an intraday low of $75.81 and an intraday high of $78.05 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 $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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