Babson Capital Management buys $12,210,929 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Babson Capital Management scooped up 46,200 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 15, 2016. The investment management firm now holds a total of 149,424 shares of Lowe's Companies which is valued at $12,210,929.Lowe's Companies makes up approximately 0.60% of Babson Capital Management’s portfolio.

Other Hedge Funds, Including , Bamco Inc Ny reduced its stake in LOW by selling 128,914 shares or 23.38% in the most recent quarter. The Hedge Fund company now holds 422,394 shares of LOW which is valued at $34,518,038. Lowe's Companies makes up approx 0.17% of Bamco Inc Ny’s portfolio.Vident Investment Advisory reduced its stake in LOW by selling 29,058 shares or 50.07% in the most recent quarter. The Hedge Fund company now holds 28,978 shares of LOW which is valued at $2,368,082. Lowe's Companies makes up approx 0.32% of Vident Investment Advisory’s portfolio.Baldwin Brothers Incma reduced its stake in LOW by selling 23,443 shares or 88.55% in the most recent quarter. The Hedge Fund company now holds 3,032 shares of LOW which is valued at $247,775. Lowe's Companies makes up approx 0.05% of Baldwin Brothers Incma’s portfolio.Nbt Bank N A Ny boosted its stake in LOW in the latest quarter, The investment management firm added 193 additional shares and now holds a total of 130,255 shares of Lowe's Companies which is valued at $10,644,439. Lowe's Companies makes up approx 1.81% of Nbt Bank N A Ny’s portfolio.Boston Common Asset Management reduced its stake in LOW by selling 2,855 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 108,053 shares of LOW which is valued at $8,774,984. Lowe's Companies makes up approx 1.26% of Boston Common Asset Management’s portfolio.

Lowe's Companies closed down -0.57 points or -0.75% at $75.44 with 5,481,079 shares getting traded on Wednesday. Post opening the session at $75.97, the shares hit an intraday low of $75.01 and an intraday high of $76 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.

Investors should note that on Aug 19, 2016, Lowe's Companies announced a cash dividend of $0.3500. The company’s management has announced Oct 17, 2016 as the ex-dividend date and fixed the record date on Oct 19, 2016. The payable date has been fixed on Nov 2, 2016.

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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