Calamos Advisors LLC Acquires 11,379 Shares of Lowe’s Companies, Inc. (NYSE:LOW)

Calamos Advisors LLC grew its holdings in Lowe’s Companies, Inc. (NYSE:LOW) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 310,564 shares of the home improvement retailer’s stock after acquiring an additional 11,379 shares during the quarter. Calamos Advisors LLC owned 0.05% of Lowe’s Companies worth $69,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Orion Capital Management LLC bought a new stake in shares of Lowe’s Companies in the third quarter valued at approximately $26,000. VisionPoint Advisory Group LLC lifted its position in Lowe’s Companies by 85.4% in the third quarter. VisionPoint Advisory Group LLC now owns 152 shares of the home improvement retailer’s stock worth $32,000 after purchasing an additional 70 shares during the period. Sanctuary Wealth Management L.L.C. bought a new position in Lowe’s Companies in the fourth quarter worth $35,000. Itau Unibanco Holding S.A. bought a new position in Lowe’s Companies in the third quarter worth $40,000. Finally, True Wealth Design LLC bought a new position in Lowe’s Companies in the fourth quarter worth $42,000. 74.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on LOW shares. Evercore ISI reduced their target price on Lowe’s Companies from $280.00 to $275.00 and set an “in-line” rating for the company in a research report on Tuesday. The Goldman Sachs Group raised their target price on Lowe’s Companies from $238.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. raised their target price on Lowe’s Companies from $265.00 to $268.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. Wedbush increased their price objective on Lowe’s Companies from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Finally, Citigroup increased their price objective on Lowe’s Companies from $199.00 to $236.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Fifteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Trading Down 0.0 %

Shares of NYSE:LOW traded down $0.07 during trading on Thursday, hitting $228.79. 1,989,523 shares of the company’s stock traded hands, compared to its average volume of 2,552,354. Lowe’s Companies, Inc. has a 52 week low of $181.85 and a 52 week high of $262.49. The company has a market cap of $130.91 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13. The company has a 50-day moving average price of $239.29 and a 200-day moving average price of $218.38.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, February 27th. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.09. Lowe’s Companies had a negative return on equity of 51.42% and a net margin of 8.94%. The business had revenue of $18.60 billion for the quarter, compared to analysts’ expectations of $18.47 billion. During the same quarter in the previous year, the business posted $2.28 EPS. Lowe’s Companies’s revenue for the quarter was down 17.1% on a year-over-year basis. On average, analysts predict that Lowe’s Companies, Inc. will post 12.21 earnings per share for the current fiscal year.

Lowe’s Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 33.43%.

Lowe’s Companies Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.