Lowe’s Companies, Inc. $LOW Stock: Calamos Advisors LLC Cuts Holdings

Calamos Advisors LLC lessened its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,506 shares of the home improvement retailer’s stock after selling 42,332 shares during the period. Calamos Advisors LLC’s holdings in Lowe’s Companies were worth $46,534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LOW. William Mack & Associates Inc. bought a new position in shares of Lowe’s Companies during the third quarter worth approximately $31,000. Latitude Advisors LLC bought a new stake in Lowe’s Companies in the 3rd quarter valued at $32,000. Markowski Investments bought a new stake in Lowe’s Companies in the 2nd quarter valued at $33,000. John Boyer Inc. acquired a new position in Lowe’s Companies in the 3rd quarter valued at $36,000. Finally, Next Level Wealth Planning LLC acquired a new position in Lowe’s Companies in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 74.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Guggenheim reiterated a “buy” rating and set a $275.00 price objective on shares of Lowe’s Companies in a research report on Monday, September 21st. DA Davidson restated a “neutral” rating and issued a $245.00 price target on shares of Lowe’s Companies in a research note on Wednesday, August 19th. Telsey Advisory Group lowered their price target on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Sanford C. Bernstein dropped their price objective on shares of Lowe’s Companies from $261.00 to $254.00 and set an “outperform” rating for the company in a research note on Wednesday, September 9th. Finally, Wells Fargo & Company cut their price objective on shares of Lowe’s Companies from $255.00 to $245.00 and set an “overweight” rating for the company in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Lowe’s Companies currently has an average rating of “Moderate Buy” and a consensus price target of $253.48.

Lowe’s Companies Trading Down 0.9%

NYSE LOW traded down $2.11 during midday trading on Friday, hitting $225.13. The company had a trading volume of 3,530,449 shares, compared to its average volume of 3,217,179. The firm has a 50-day moving average price of $197.18 and a 200-day moving average price of $225.13. The company has a market capitalization of $126.31 billion, a PE ratio of 19.03, a P/E/G ratio of 1.83 and a beta of 0.81. Lowe’s Companies, Inc. has a twelve month low of $178.45 and a twelve month high of $293.06.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a negative return on equity of 75.67% and a net margin of 7.34%. The company had revenue of $25.96 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the firm posted $4.33 EPS. Lowe’s Companies’s quarterly revenue was up 8.3% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. On average, equities analysts anticipate that Lowe’s Companies, Inc. will post 12.25 EPS for the current year.

Lowe’s Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, October 21st. Lowe’s Companies’s dividend payout ratio is presently 42.27%.

Lowe’s Companies Profile

Lowe’s Companies, Inc is a home improvement retailer serving homeowners, do-it-yourself customers and professional contractors. The company sells products for construction, maintenance, repair and renovation through its retail stores and online channels.

Its offerings include appliances, tools, hardware, lumber and building materials, paint, plumbing and electrical supplies, and products for lawn and garden. Lowe’s also provides services such as installation and other project support.

Founded in 1921 in North Wilkesboro, North Carolina, Lowe’s has grown into a major retailer operating across the United States.