Calamos Wealth Management LLC Buys 1,326 Shares of Lowe's Companies, Inc. (NYSE:LOW)

Calamos Wealth Management LLC increased its holdings in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 27.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,237 shares of the home improvement retailer's stock after acquiring an additional 1,326 shares during the period. 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 and hedge funds also recently modified their holdings of the business. Aurora Private Wealth Inc. bought a new stake in shares of Lowe's Companies during the 1st quarter worth $4,748,000. Davidson Trust Co. raised its position in Lowe's Companies by 11.5% in the first quarter. Davidson Trust Co. now owns 4,776 shares of the home improvement retailer's stock worth $1,114,000 after acquiring an additional 492 shares during the period. Goelzer Investment Management Inc. raised its position in Lowe's Companies by 1.9% in the first quarter. Goelzer Investment Management Inc. now owns 24,819 shares of the home improvement retailer's stock worth $5,789,000 after acquiring an additional 455 shares during the period. Checchi Capital Advisers LLC boosted its stake in Lowe's Companies by 1.2% in the first quarter. Checchi Capital Advisers LLC now owns 9,247 shares of the home improvement retailer's stock valued at $2,157,000 after acquiring an additional 110 shares during the last quarter. Finally, Castle Wealth Management LLC grew its position in shares of Lowe's Companies by 6.7% during the 1st quarter. Castle Wealth Management LLC now owns 5,382 shares of the home improvement retailer's stock valued at $1,255,000 after acquiring an additional 337 shares during the period. 74.06% of the stock is owned by hedge funds and other institutional investors.

Lowe's Companies Stock Down 1.5%

Shares of NYSE LOW traded down $3.35 during mid-day trading on Monday, reaching $224.96. 2,740,416 shares of the company were exchanged, compared to its average volume of 2,501,473. Lowe's Companies, Inc. has a 52 week low of $206.39 and a 52 week high of $287.01. The company's 50 day moving average price is $223.98 and its 200 day moving average price is $234.86. The stock has a market capitalization of $126.08 billion, a PE ratio of 18.64, a PEG ratio of 2.16 and a beta of 0.90.

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, topping analysts' consensus estimates of $2.88 by $0.04. The firm had revenue of $20.93 billion during the quarter, compared to analysts' expectations of $21.09 billion. Lowe's Companies had a negative return on equity of 49.12% and a net margin of 8.22%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.06 EPS. On average, sell-side analysts predict that Lowe's Companies, Inc. will post 11.9 earnings per share for the current year.

Lowe's Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 6th. Shareholders of record on Wednesday, July 23rd will be paid a dividend of $1.20 per share. The ex-dividend date is Wednesday, July 23rd. This is an increase from Lowe's Companies's previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 2.13%. Lowe's Companies's dividend payout ratio (DPR) is 38.11%.

Insider Buying and Selling at Lowe's Companies

In related news, EVP Juliette Williams Pryor sold 1,130 shares of the stock in a transaction 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 transaction, the executive vice president owned 31,898 shares of the company's stock, valued at approximately $7,256,795. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

LOW has been the subject of a number of recent research reports. Royal Bank Of Canada decreased their target price on Lowe's Companies from $244.00 to $242.00 and set a "sector perform" rating for the company in a research report on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $305.00 target price on shares of Lowe's Companies in a research report on Wednesday, May 21st. Morgan Stanley lowered their price target on shares of Lowe's Companies from $300.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus cut their price objective on shares of Lowe's Companies from $250.00 to $240.00 and set a "hold" rating for the company in a report on Tuesday, May 27th. Finally, Truist Financial set a $264.00 target price on shares of Lowe's Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $271.12.

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.