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

Calamos Advisors LLC cut its holdings in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Lowe’s Companies by 1.8% in the 2nd quarter. BlackRock Inc. now owns 40,545,728 shares of the home improvement retailer’s stock valued at $8,939,928,000 after purchasing an additional 714,092 shares during the last quarter. State Street Corp lifted its position in shares of Lowe’s Companies by 3.6% during the 2nd quarter. State Street Corp now owns 25,329,373 shares of the home improvement retailer’s stock worth $5,584,873,000 after buying an additional 880,815 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Lowe’s Companies by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,104,782 shares of the home improvement retailer’s stock worth $905,063,000 after buying an additional 57,167 shares during the last quarter. Amundi boosted its stake in Lowe’s Companies by 57.3% in the second quarter. Amundi now owns 2,892,868 shares of the home improvement retailer’s stock valued at $637,848,000 after buying an additional 1,053,237 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Lowe’s Companies by 7.1% in the first quarter. Swiss National Bank now owns 1,646,320 shares of the home improvement retailer’s stock valued at $388,992,000 after buying an additional 109,520 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock traded down $2.11 on Friday, hitting $225.13. The stock had a trading volume of 3,530,449 shares, compared to its average volume of 3,217,179. The stock has a 50 day moving average of $197.18 and a 200 day moving average of $225.13. The firm has a market capitalization of $126.31 billion, a P/E ratio of 19.03, a PEG 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 posted its earnings results on Wednesday, August 19th. The home improvement retailer reported $4.40 EPS for the quarter, topping the consensus estimate of $4.22 by $0.18. Lowe’s Companies had a net margin of 7.34% and a negative return on equity of 75.67%. The business had revenue of $25.96 billion for the quarter, compared to the consensus estimate of $26.13 billion. During the same period last year, the company earned $4.33 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.250 EPS. Equities analysts expect that Lowe’s Companies, Inc. will post 12.25 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $5.00 annualized dividend and a dividend yield of 2.2%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.27%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LOW. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $231.00 target price on shares of Lowe’s Companies in a research report on Thursday, August 20th. Telsey Advisory Group dropped their price objective on shares of Lowe’s Companies from $280.00 to $260.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. Piper Sandler cut their target price on shares of Lowe’s Companies from $276.00 to $274.00 and set an “overweight” rating on the stock in a research report on Thursday, August 13th. KeyCorp reaffirmed an “overweight” rating and set a $275.00 target price on shares of Lowe’s Companies in a research note on Thursday, August 20th. Finally, Evercore set a $190.00 price target on shares of Lowe’s Companies in a report on Tuesday, October 6th. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $253.48.

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.