Btr Capital Management Inc buys $9,645,450 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Btr Capital Management Inc scooped up 43,939 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 14, 2016. The investment management firm now holds a total of 135,185 shares of Lowe's Companies which is valued at $9,645,450.Lowe's Companies makes up approximately 2.20% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in LOW in the latest quarter, The investment management firm added 7,739 additional shares and now holds a total of 91,893 shares of Lowe's Companies which is valued at $6,440,780. Lowe's Companies makes up approx 0.04% of Creative Planning’s portfolio.First Mercantile Trust Co reduced its stake in LOW by selling 1,976 shares or 7.61% in the most recent quarter. The Hedge Fund company now holds 24,003 shares of LOW which is valued at $1,711,414. Lowe's Companies makes up approx 0.23% of First Mercantile Trust Co’s portfolio.Independent Portfolio Consultants reduced its stake in LOW by selling 1,005 shares or 5.55% in the most recent quarter. The Hedge Fund company now holds 17,095 shares of LOW which is valued at $1,235,114. Lowe's Companies makes up approx 0.39% of Independent Portfolio Consultants’s portfolio.North Star Asset Management Inc reduced its stake in LOW by selling 2,523 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 96,658 shares of LOW which is valued at $6,983,541. Lowe's Companies makes up approx 0.79% of North Star Asset Management Inc’s portfolio.

Lowe's Companies opened for trading at $71.57 and hit $71.93 on the upside on Friday, eventually ending the session at $71.35, with a gain of 0.35% or 0.25 points. The heightened volatility saw the trading volume jump to 56,59,945 shares. Company has a market cap of $62,407 M.

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.

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.

Leave a Reply

Lowe's Companies - Is it time to Sell?

Top Brokerage Firms are advising their investors on Lowe's Companies. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.