Lowe's Companies, Inc. (NYSE:LOW) Stock Position Raised by Calamos Wealth Management LLC

Calamos Wealth Management LLC boosted its position in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 27.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,237 shares of the home improvement retailer's stock after buying an additional 1,326 shares during the quarter. Calamos Wealth Management LLC's holdings in Lowe's Companies were worth $1,455,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LOW. Wood Tarver Financial Group LLC acquired a new position in Lowe's Companies in the 4th quarter worth $25,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at about $33,000. Orion Capital Management LLC acquired a new stake in shares of Lowe's Companies in the 4th quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Lowe's Companies in the 1st quarter valued at about $36,000. Finally, IFS Advisors LLC raised its stake in shares of Lowe's Companies by 60.0% in the 1st quarter. IFS Advisors LLC now owns 160 shares of the home improvement retailer's stock valued at $37,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company's stock.

Lowe's Companies Price Performance

Shares of Lowe's Companies stock traded down $1.37 on Monday, hitting $226.94. The company had a trading volume of 341,055 shares, compared to its average volume of 2,492,127. The business has a 50-day simple moving average of $223.98 and a 200-day simple moving average of $234.86. The company has a market cap of $127.19 billion, a PE ratio of 18.80, a PEG ratio of 2.16 and a beta of 0.90. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The home improvement retailer reported $2.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.04. The business had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a net margin of 8.22% and a negative return on equity of 49.12%. The business's revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm posted $3.06 earnings per share. On average, equities research analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.12%. This is a boost from Lowe's Companies's previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Wednesday, July 23rd. Lowe's Companies's dividend payout ratio (DPR) is presently 38.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their target price on shares of Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $305.00 target price on shares of Lowe's Companies in a research note on Wednesday, May 21st. Stifel Nicolaus cut their target price on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating on the stock in a research note on Tuesday, May 27th. Mizuho restated an "outperform" rating and issued a $280.00 target price on shares of Lowe's Companies in a research note on Friday, June 13th. Finally, Morgan Stanley cut their target price on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $271.12.

Insiders Place Their Bets

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $227.50, for a total transaction of $257,075.00. Following the completion of the sale, the executive vice president directly owned 31,898 shares in the company, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.27% of the company's stock.

Lowe's Companies Company 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.