Santa Barbara Asset Management buys $143,271,341 stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Santa Barbara Asset Management scooped up 16,473 additional shares in Lowe's Companies during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,753,198 shares of Lowe's Companies which is valued at $143,271,341.Lowe's Companies makes up approximately 2.61% of Santa Barbara Asset Management’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd reduced its stake in LOW by selling 16,180 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 1,425,263 shares of LOW which is valued at $116,472,492. Lowe's Companies makes up approx 0.40% of Blackrock Japan Ltd’s portfolio.Retirement Systems Of Alabama reduced its stake in LOW by selling 12,584 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 981,547 shares of LOW which is valued at $79,269,736. Lowe's Companies makes up approx 0.45% of Retirement Systems Of Alabama’s portfolio.Dorsey Wright Associates reduced its stake in LOW by selling 1,109 shares or 4.91% in the most recent quarter. The Hedge Fund company now holds 21,484 shares of LOW which is valued at $1,732,685. Lowe's Companies makes up approx 0.90% of Dorsey Wright Associates’s portfolio.

Lowe's Companies opened for trading at $76.32 and hit $77.87 on the upside on Friday, eventually ending the session at $77.82, with a gain of 1.82% or 1.39 points. The heightened volatility saw the trading volume jump to 64,91,184 shares. Company has a market cap of $68,957 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.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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