Seminole Management Lowers stake in Lowe's Companies (LOW)

Lowe's Companies (LOW) : Seminole Management reduced its stake in Lowe's Companies by 54.74% during the most recent quarter end. The investment management company now holds a total of 316,896 shares of Lowe's Companies which is valued at $25,592,521 after selling 383,205 shares in Lowe's Companies , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Lowe's Companies makes up approximately 2.52% of Seminole Management’s portfolio.

Other Hedge Funds, Including , Capital Planning Advisors boosted its stake in LOW in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 8,375 shares of Lowe's Companies which is valued at $675,444. Lowe's Companies makes up approx 0.36% of Capital Planning Advisors’s portfolio. Meyer Handelman Co sold out all of its stake in LOW during the most recent quarter. The investment firm sold 7,350 shares of LOW which is valued $592,778. Ruane Cunniff Goldfarb Inc sold out all of its stake in LOW during the most recent quarter. The investment firm sold 9,194 shares of LOW which is valued $753,172.

Lowe's Companies opened for trading at $81.97 and hit $82.54 on the upside on Friday, eventually ending the session at $82.28, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 34,71,414 shares. Company has a market cap of $72,909 M.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

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.