Etrade Capital Management Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Etrade Capital Management reduced its stake in Lowe's Companies by 1.85% during the most recent quarter end. The investment management company now holds a total of 65,389 shares of Lowe's Companies which is valued at $5,343,589 after selling 1,235 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Lowe's Companies makes up approximately 0.27% of Etrade Capital Management’s portfolio.

Other Hedge Funds, Including , Busey Trust Co reduced its stake in LOW by selling 92 shares or 0.06% in the most recent quarter. The Hedge Fund company now holds 159,807 shares of LOW which is valued at $13,059,428. Lowe's Companies makes up approx 1.63% of Busey Trust Co’s portfolio.Meiji Yasuda Life Insurance Co reduced its stake in LOW by selling 470 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 10,007 shares of LOW which is valued at $817,772. Lowe's Companies makes up approx 0.13% of Meiji Yasuda Life Insurance Co’s portfolio.Royal London Asset Management Ltd reduced its stake in LOW by selling 27,224 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 307,053 shares of LOW which is valued at $25,184,487. Lowe's Companies makes up approx 0.40% of Royal London Asset Management Ltd’s portfolio.Smith Asset Management Group Lp reduced its stake in LOW by selling 3,350 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 805,622 shares of LOW which is valued at $65,062,033. Lowe's Companies makes up approx 1.89% of Smith Asset Management Group Lp’s portfolio.

Lowe's Companies closed down -0.12 points or -0.16% at $76.44 with 38,52,233 shares getting traded on Thursday. Post opening the session at $76.69, the shares hit an intraday low of $75.8846 and an intraday high of $76.84 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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