Mcqueen Ball Associates buys $2,754,198 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Mcqueen Ball Associates scooped up 633 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 34,150 shares of Lowe's Companies which is valued at $2,754,198.Lowe's Companies makes up approximately 1.90% of Mcqueen Ball Associates’s portfolio.

Other Hedge Funds, Including , Rockefeller Financial Services Inc sold out all of its stake in LOW during the most recent quarter. The investment firm sold 461 shares of LOW which is valued $37,180.Beech Hill Advisors reduced its stake in LOW by selling 3,725 shares or 9.28% in the most recent quarter. The Hedge Fund company now holds 36,400 shares of LOW which is valued at $2,956,044. Lowe's Companies makes up approx 1.92% of Beech Hill Advisors’s portfolio.Regent Investment Management reduced its stake in LOW by selling 520 shares or 8.95% in the most recent quarter. The Hedge Fund company now holds 5,287 shares of LOW which is valued at $433,111. Lowe's Companies makes up approx 0.23% of Regent Investment Management’s portfolio.Murphy Pohlad Asset Management reduced its stake in LOW by selling 67 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 12,310 shares of LOW which is valued at $1,005,112. Lowe's Companies makes up approx 0.73% of Murphy Pohlad Asset Management’s portfolio.

Lowe's Companies closed down -0.21 points or -0.26% at $81.21 with 68,53,518 shares getting traded on Wednesday. Post opening the session at $81.83, the shares hit an intraday low of $80.74 and an intraday high of $81.85 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 $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.85. The company had revenue of $15234.00 million for the quarter, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. 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.Company shares were Reiterated by RBC Capital Mkts on May 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $86 .

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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