Suncoast Equity Management Position in Lowes (LOW) Lowered by $6.00 Million

August 19, 2018 - By Richard Slagle

Lowe's Companies, Inc. (NYSE:LOW) LogoInvestors sentiment decreased to 0.81 in 2018 Q1. Its down 0.20, from 1.01 in 2017Q4. It dived, 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. Altavista Wealth Management reported 55,044 shares or 2.04% of all its holdings. 73,737 are owned by King Luther Management Corp. Marshall Wace Llp stated it has 0.11% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Clear Harbor Asset Mgmt Limited Liability Company invested in 11,585 shares or 0.2% of the stock. Endurance Wealth Mgmt holds 1,400 shares. Trust Of Toledo Na Oh stated it has 0.9% in Lowe's Companies, Inc. (NYSE:LOW). Eads And Heald Inv Counsel holds 23,483 shares or 1.31% of its portfolio. Caisse De Depot Et Placement Du Quebec holds 0.09% or 405,636 shares. Junto Capital Management LP invested 2.13% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Horrell Management holds 29,551 shares. 189,195 are held by South Texas Money Limited. Chesley Taft Assoc Lc holds 0.22% or 28,350 shares in its portfolio. Petrus Tru Com Lta reported 2,388 shares. Goelzer Investment Mgmt invested 0.42% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Fulton Savings Bank Na stated it has 0.07% in Lowe's Companies, Inc. (NYSE:LOW).

Since June 8, 2018, it had 0 insider purchases, and 1 insider 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 $79.97B market cap company. The stock increased 0.31% or $0.3 during the last trading session, reaching $97.98. About 2.58 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since August 19, 2017 and is uptrending. It has outperformed by 6.32% the S&P500.

Suncoast Equity Management, which manages about $229.33M and $380.11M 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 before the open. 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 $1.65 billion for 12.13 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: 247Wallst.com which released: “Alibaba, HP, Target and More Earnings Coming This Week” on August 19, 2018, also Nasdaq.com with their article: “3 Things to Watch in the Stock Market This Week” published on August 19, 2018, Seekingalpha.com published: “Stocks To Watch: Alibaba, Target And Energy Plays To Center Stage” on August 18, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) were released by: Streetinsider.com and their article: “Lowe’s Cos. (LOW) Declares $0.48 Quarterly Dividend; 2% Yield” published on August 17, 2018 as well as Seekingalpha.com‘s news article titled: “Lowe’s: It’s About Time For A Bounceback” with publication date: August 19, 2018.

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

Among 15 analysts covering Lowe’s Companies (NYSE:LOW), 9 have Buy rating, 0 Sell and 6 Hold. Therefore 60% are positive. Lowe’s Companies had 16 analyst reports since March 1, 2018 according to SRatingsIntel. The firm has “Buy” rating by Loop Capital Markets given on Wednesday, May 23. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Hold” rating given on Thursday, March 1 by Wedbush. On Tuesday, March 6 the stock rating was maintained by JP Morgan with “Neutral”. The firm earned “Overweight” rating on Tuesday, July 24 by KeyBanc Capital Markets. The rating was maintained by Credit Suisse with “Buy” on Monday, March 5. As per Thursday, March 1, the company rating was maintained by SunTrust. Telsey Advisory maintained it with “Buy” rating and $110.0 target in Thursday, March 1 report. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by Robert W. Baird on Tuesday, May 22. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Buy” rating given on Wednesday, February 28 by Guggenheim. The company was maintained on Friday, March 2 by BMO Capital Markets.

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

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