Calamos Advisors LLC Grows Stock Position in Lowe’s Companies, Inc. (NYSE:LOW)

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

Other large investors have also bought and sold shares of the company. Axiom Financial Strategies LLC boosted its holdings in shares of Lowe’s Companies by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 1,381 shares of the home improvement retailer’s stock worth $275,000 after acquiring an additional 123 shares during the period. United Bank boosted its holdings in shares of Lowe’s Companies by 6.8% in the first quarter. United Bank now owns 9,734 shares of the home improvement retailer’s stock worth $1,968,000 after acquiring an additional 617 shares during the period. Prudential PLC bought a new position in shares of Lowe’s Companies in the first quarter worth $1,629,000. Baird Financial Group Inc. boosted its holdings in shares of Lowe’s Companies by 0.4% in the first quarter. Baird Financial Group Inc. now owns 256,098 shares of the home improvement retailer’s stock worth $51,780,000 after acquiring an additional 920 shares during the period. Finally, Covestor Ltd boosted its holdings in shares of Lowe’s Companies by 74.6% in the first quarter. Covestor Ltd now owns 295 shares of the home improvement retailer’s stock worth $60,000 after acquiring an additional 126 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LOW. Zelman & Associates reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Lowe’s Companies in a report on Tuesday, April 2nd. StockNews.com lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Oppenheimer reissued a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research note on Monday, March 4th. Telsey Advisory Group reissued a “market perform” rating and set a $230.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, March 27th. Finally, Barclays lifted their price objective on Lowe’s Companies from $203.00 to $229.00 and gave the company an “equal weight” rating in a research note on Thursday, January 4th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, Lowe’s Companies has an average rating of “Hold” and a consensus target price of $252.52.

Lowe’s Companies Stock Down 0.0 %

Shares of LOW stock traded down $0.07 during trading hours 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. The stock has a market cap of $130.91 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.69 and a beta of 1.13. The stock’s fifty day simple moving average is $239.29 and its two-hundred day simple moving average is $218.38. Lowe’s Companies, Inc. has a 12-month low of $181.85 and a 12-month high of $262.49.

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

Lowe’s Companies Announces Dividend

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

About Lowe’s Companies

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.