Schwartz Investment Counsel Inc buys $39,928,504 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Schwartz Investment Counsel Inc scooped up 132,500 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 489,200 shares of Lowe's Companies which is valued at $39,928,504.Lowe's Companies makes up approximately 2.76% of Schwartz Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Olstein Capital Management reduced its stake in LOW by selling 3,000 shares or 4.55% in the most recent quarter. The Hedge Fund company now holds 63,000 shares of LOW which is valued at $5,142,060. Lowe's Companies makes up approx 0.66% of Olstein Capital Management’s portfolio. Hap Trading added LOW to its portfolio by purchasing 45,600 company shares during the most recent quarter which is valued at $3,726,432. Lowe's Companies makes up approx 0.32% of Hap Trading’s portfolio.Cable Hill Partners reduced its stake in LOW by selling 85 shares or 11.72% in the most recent quarter. The Hedge Fund company now holds 640 shares of LOW which is valued at $52,301. Lowe's Companies makes up approx 0.03% of Cable Hill Partners’s portfolio. United Bank sold out all of its stake in LOW during the most recent quarter. The investment firm sold 2,884 shares of LOW which is valued $232,595.

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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