Lowe’s Companies, Inc. $LOW Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC cut its stake in Lowe’s Companies, Inc. (NYSE:LOW) by 1.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 314,574 shares of the home improvement retailer’s stock after selling 4,165 shares during the period. Calamos Advisors LLC’s holdings in Lowe’s Companies were worth $74,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Swiss RE Ltd. bought a new position in shares of Lowe’s Companies in the fourth quarter worth $25,000. Wilkerson Advisory Group LLC bought a new position in shares of Lowe’s Companies during the 4th quarter valued at about $27,000. OLD Second National Bank of Aurora grew its position in Lowe’s Companies by 52.5% in the fourth quarter. OLD Second National Bank of Aurora now owns 122 shares of the home improvement retailer’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Lowe’s Companies in the 4th quarter worth $33,000. Finally, Triumph Capital Management purchased a new position in Lowe’s Companies in the 3rd quarter worth about $34,000. Institutional investors own 74.06% of the company’s stock.

Lowe’s Companies Price Performance

Shares of NYSE:LOW opened at $207.73 on Tuesday. The business’s fifty day moving average price is $218.57 and its two-hundred day moving average price is $242.49. Lowe’s Companies, Inc. has a fifty-two week low of $203.40 and a fifty-two week high of $293.06. The stock has a market capitalization of $116.48 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 2.67 and a beta of 0.86.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, May 20th. The home improvement retailer reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.97 by $0.06. The business had revenue of $23.08 billion during the quarter, compared to analysts’ expectations of $22.98 billion. Lowe’s Companies had a net margin of 7.51% and a negative return on equity of 67.96%. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $2.92 EPS. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.750 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 12.48 EPS 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 5th. Stockholders of record on Wednesday, July 22nd will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $1.20. The ex-dividend date is Wednesday, July 22nd. Lowe’s Companies’s dividend payout ratio is 40.57%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Craig Hallum raised shares of Lowe’s Companies to a “buy” rating in a research note on Tuesday, May 12th. DA Davidson restated a “neutral” rating and set a $275.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 20th. JPMorgan Chase & Co. reduced their target price on Lowe’s Companies from $325.00 to $279.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Raymond James Financial cut shares of Lowe’s Companies from a “market perform” rating to a “market perform” rating in a report on Tuesday, May 12th. Finally, William Blair began coverage on Lowe’s Companies in a research report on Tuesday, May 12th. They issued an “overweight” rating for the company. Twenty-three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and an average price target of $264.57.

Insiders Place Their Bets

In other news, EVP Juliette Williams Pryor sold 9,330 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $224.81, for a total transaction of $2,097,477.30. Following the transaction, the executive vice president owned 16,142 shares of the company’s stock, valued at $3,628,883.02. This represents a 36.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Janice Dupre sold 14,150 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $221.90, for a total transaction of $3,139,885.00. Following the transaction, the executive vice president owned 39,785 shares in the company, valued at approximately $8,828,291.50. The trade was a 26.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 25,980 shares of company stock valued at $5,796,937. Insiders own 0.29% of the company’s stock.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc is a leading home improvement retailer that operates large-format stores and digital channels serving both do-it-yourself homeowners and professional contractors. The company offers a broad assortment of products including building materials, lumber, appliances, tools and hardware, plumbing and electrical supplies, paint, flooring, kitchen and bath fixtures, outdoor and garden products, and home decor. Lowe’s also provides a range of services such as installation, home improvement financing, tool and equipment rental, and contractor-focused sales programs.

Operations are centered on a nationwide brick-and-mortar store network supported by distribution centers and an e-commerce platform that enables online ordering, delivery and in-store pickup.