Suncoast Equity Management Has Lowered Position in Lowes (LOW) by $6.00 Million as Market Valuation Declined

July 27, 2018 - By Megan Stone

Lowe's Companies, Inc. (NYSE:LOW) LogoInvestors sentiment decreased to 0.81 in Q1 2018. Its down 0.20, from 1.01 in 2017Q4. It is negative, as 72 investors sold LOW shares while 482 reduced holdings. 116 funds opened positions while 331 raised stakes. 587.47 million shares or 0.28% more from 585.84 million shares in 2017Q4 were reported. Pineno Levin And Ford Asset invested in 0.17% or 4,364 shares. Holderness Investments reported 13,227 shares. Olstein Cap Mgmt Lp accumulated 83,000 shares. Ls Inv Advisors Ltd Llc has invested 0.28% in Lowe's Companies, Inc. (NYSE:LOW). 297,981 were accumulated by Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma. Fincl Architects accumulated 3,543 shares. Matarin Capital Management Ltd Company reported 51,235 shares or 0% of all its holdings. Manufacturers Life Insurance The holds 1.71M shares or 0.17% of its portfolio. Peddock Advsr Lc, a Massachusetts-based fund reported 11,329 shares. Adage Cap Ptnrs Grp Ltd Co owns 1.11M shares for 0.23% of their portfolio. Legacy Private Tru reported 0.12% stake. Brown Brothers Harriman And reported 24,868 shares or 0.01% of all its holdings. Bryn Mawr holds 17,631 shares. 3,960 were accumulated by Howland Cap Mngmt Limited Liability. Adams Diversified Equity Fund holds 0.97% or 201,100 shares in its portfolio.

Since June 8, 2018, it had 0 insider buys, and 1 sale for $1.23 million activity.

Suncoast Equity Management decreased its stake in Lowes (LOW) by 39.8% based on its latest 2018Q1 regulatory filing with the SEC. Suncoast Equity Management sold 68,960 shares as the company’s stock declined 0.84% with the market. The institutional investor held 104,317 shares of the consumer services company at the end of 2018Q1, valued at $9.15 million, down from 173,277 at the end of the previous reported quarter. Suncoast Equity Management who had been investing in Lowes for a number of months, seems to be less bullish one the $80.41B market cap company. The stock decreased 0.50% or $0.5 during the last trading session, reaching $98.52. About 3.06M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since July 27, 2017 and is uptrending. It has outperformed by 6.32% the S&P500.

Suncoast Equity Management, which manages about $229.33M and $380.11 million US Long portfolio, upped its stake in Facebook Inc Cl A (NASDAQ:FB) by 27,324 shares to 139,308 shares, valued at $22.26 million in 2018Q1, according to the filing.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on August, 22. They expect $2.02 earnings per share, up 28.66 % or $0.45 from last year’s $1.57 per share. LOW’s profit will be $1.65B for 12.19 P/E if the $2.02 EPS becomes a reality. After $1.19 actual earnings per share reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 69.75 % EPS growth.

More notable recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Fool.com which released: “First Order of Business for Lowe’s New CEO: Clean House” on July 21, 2018, also Bizjournals.com with their article: “PHOTOS: CBJ presents CFO of the Year awards to ‘grittiest’ of the C-suite” published on July 26, 2018, 247Wallst.com published: “New Lowe’s CEO Wastes No Time Restructuring Upper Level Management” on July 10, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Seekingalpha.com and their article: “Lowe’s hires another top JC Penney exec” published on July 20, 2018 as well as Bizjournals.com‘s news article titled: “Lowe’s brings on another exec with JC Penney, Home Depot experience” with publication date: July 23, 2018.

Lowe's Companies, Inc. (NYSE:LOW) Ratings Coverage

Among 17 analysts covering Lowe’s (NYSE:LOW), 11 have Buy rating, 0 Sell and 6 Hold. Therefore 65% are positive. Lowe’s has $125.0 highest and $80.0 lowest target. $103.50’s average target is 5.05% above currents $98.52 stock price. Lowe’s had 20 analyst reports since January 30, 2018 according to SRatingsIntel. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by RBC Capital Markets on Monday, February 12. As per Tuesday, March 6, the company rating was maintained by JP Morgan. Jefferies upgraded the shares of LOW in report on Monday, February 5 to “Buy” rating. On Thursday, May 24 the stock rating was maintained by Wedbush with “Hold”. Deutsche Bank maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Thursday, March 1. Deutsche Bank has “Buy” rating and $107 target. The firm has “Buy” rating by Loop Capital Markets given on Wednesday, May 23. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, May 22 report. KeyBanc Capital Markets maintained Lowe's Companies, Inc. (NYSE:LOW) on Tuesday, July 24 with “Overweight” rating. Guggenheim maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Wednesday, February 28. Guggenheim has “Buy” rating and $110.0 target. Credit Suisse maintained it with “Buy” rating and $111.0 target in Monday, March 5 report.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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