Retirement Systems Of Alabama Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Retirement Systems Of Alabama reduced its stake in Lowe's Companies by 1.27% during the most recent quarter end. The investment management company now holds a total of 981,547 shares of Lowe's Companies which is valued at $79,269,736 after selling 12,584 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Lowe's Companies makes up approximately 0.45% of Retirement Systems Of Alabama’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in LOW by selling 30,482 shares or 2.93% in the most recent quarter. The Hedge Fund company now holds 1,009,765 shares of LOW which is valued at $81,548,621. Lowe's Companies makes up approx 0.35% of Strs Ohio’s portfolio.First Niagara Bank boosted its stake in LOW in the latest quarter, The investment management firm added 369 additional shares and now holds a total of 20,386 shares of Lowe's Companies which is valued at $1,646,373. Lowe's Companies makes up approx 0.46% of First Niagara Bank’s portfolio.Hartford Investment Management Co reduced its stake in LOW by selling 13,569 shares or 5.7% in the most recent quarter. The Hedge Fund company now holds 224,531 shares of LOW which is valued at $18,108,425. Lowe's Companies makes up approx 0.37% of Hartford Investment Management Co’s portfolio.Hartford Financial Management boosted its stake in LOW in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 13,345 shares of Lowe's Companies which is valued at $1,089,886. Lowe's Companies makes up approx 0.63% of Hartford Financial Management’s portfolio. Iowa State Bank added LOW to its portfolio by purchasing 1,050 company shares during the most recent quarter which is valued at $86,457. Lowe's Companies makes up approx 0.04% of Iowa State Bank’s portfolio.

Lowe's Companies opened for trading at $81.97 and hit $82.54 on the upside on Friday, eventually ending the session at $82.28, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 34,71,414 shares. Company has a market cap of $72,909 M.

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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