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

Lowe's Companies (LOW) : Argent Capital Management reduced its stake in Lowe's Companies by 0.73% during the most recent quarter end. The investment management company now holds a total of 687,714 shares of Lowe's Companies which is valued at $56,124,340 after selling 5,080 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Lowe's Companies makes up approximately 2.38% of Argent Capital Management’s portfolio.

Other Hedge Funds, Including , Ardevora Asset Management Llp boosted its stake in LOW in the latest quarter, The investment management firm added 31,400 additional shares and now holds a total of 297,300 shares of Lowe's Companies which is valued at $24,262,653. Lowe's Companies makes up approx 0.96% of Ardevora Asset Management Llp’s portfolio.Neuberger Berman Group boosted its stake in LOW in the latest quarter, The investment management firm added 13,002 additional shares and now holds a total of 35,042 shares of Lowe's Companies which is valued at $2,863,632.Noesis Capital Mangement Corp reduced its stake in LOW by selling 2,473 shares or 2.31% in the most recent quarter. The Hedge Fund company now holds 104,743 shares of LOW which is valued at $8,559,598. Lowe's Companies makes up approx 3.68% of Noesis Capital Mangement Corp’s portfolio. Reilly Financial Advisors added LOW to its portfolio by purchasing 1,051 company shares during the most recent quarter which is valued at $86,203. Lowe's Companies makes up approx 0.02% of Reilly Financial Advisors’s portfolio. Spot Trading L.l.c sold out all of its stake in LOW during the most recent quarter. The investment firm sold 8,897 shares of LOW which is valued $729,732.

Lowe's Companies closed down -0.18 points or -0.22% at $81.54 with 53,15,403 shares getting traded on Monday. Post opening the session at $82.09, the shares hit an intraday low of $81.31 and an intraday high of $82.68 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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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