Alta Capital Management buys $12,810,656 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Alta Capital Management scooped up 25,742 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 180,178 shares of Lowe's Companies which is valued at $12,810,656.Lowe's Companies makes up approximately 0.81% of Alta Capital Management’s portfolio.

Other Hedge Funds, Including , Premier Asset Managment boosted its stake in LOW in the latest quarter, The investment management firm added 19,815 additional shares and now holds a total of 46,850 shares of Lowe's Companies which is valued at $3,331,035. Lowe's Companies makes up approx 0.85% of Premier Asset Managment’s portfolio.Advisory Services Network boosted its stake in LOW in the latest quarter, The investment management firm added 95 additional shares and now holds a total of 20,149 shares of Lowe's Companies which is valued at $1,436,624. Lowe's Companies makes up approx 0.27% of Advisory Services Network’s portfolio.Indiana Trust Investment Management Co reduced its stake in LOW by selling 440 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 22,850 shares of LOW which is valued at $1,650,913. Lowe's Companies makes up approx 0.87% of Indiana Trust Investment Management Co’s portfolio.

Lowe's Companies closed down -0.88 points or -1.24% at $70.09 with 49,19,399 shares getting traded on Tuesday. Post opening the session at $70.9, the shares hit an intraday low of $69.97 and an intraday high of $70.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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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