Calamos Advisors LLC Has $74.75 Million Stake in Lowe's Companies, Inc. (NYSE:LOW)

Calamos Advisors LLC trimmed its stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) by 18.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 302,892 shares of the home improvement retailer's stock after selling 70,289 shares during the quarter. Calamos Advisors LLC owned approximately 0.05% of Lowe's Companies worth $74,754,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Patron Partners LLC boosted its stake in Lowe's Companies by 2.7% during the 4th quarter. Patron Partners LLC now owns 2,749 shares of the home improvement retailer's stock valued at $678,000 after purchasing an additional 72 shares during the period. Trust Point Inc. grew its holdings in Lowe's Companies by 1.8% in the 4th quarter. Trust Point Inc. now owns 4,188 shares of the home improvement retailer's stock worth $1,034,000 after buying an additional 75 shares in the last quarter. Baltimore Washington Financial Advisors Inc. bought a new stake in Lowe's Companies during the 4th quarter valued at $202,000. Optas LLC raised its stake in shares of Lowe's Companies by 143.8% during the fourth quarter. Optas LLC now owns 3,311 shares of the home improvement retailer's stock valued at $817,000 after purchasing an additional 1,953 shares in the last quarter. Finally, Hodges Capital Management Inc. lifted its holdings in Lowe's Companies by 12.0% in the fourth quarter. Hodges Capital Management Inc. now owns 5,378 shares of the home improvement retailer's stock worth $1,327,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 74.06% of the company's stock.

Insiders Place Their Bets

In other news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Wall Street Analysts Forecast Growth

LOW has been the topic of several research analyst reports. Stifel Nicolaus raised their target price on shares of Lowe's Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. Evercore ISI raised their price objective on shares of Lowe's Companies from $270.00 to $290.00 and gave the company an "in-line" rating in a research note on Thursday, December 12th. Mizuho upped their target price on Lowe's Companies from $282.00 to $305.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Truist Financial lowered their price target on Lowe's Companies from $310.00 to $307.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, TD Cowen upped their price objective on Lowe's Companies from $270.00 to $290.00 and gave the company a "hold" rating in a report on Monday, October 28th. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $280.85.

Lowe's Companies Stock Up 0.4 %

Shares of LOW traded up $1.05 during trading hours on Wednesday, reaching $258.28. The company's stock had a trading volume of 1,693,226 shares, compared to its average volume of 2,187,792. The company has a 50 day moving average of $258.29 and a two-hundred day moving average of $257.71. The firm has a market cap of $145.84 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 2.18 and a beta of 1.11. Lowe's Companies, Inc. has a 1-year low of $211.80 and a 1-year high of $287.01.

Lowe's Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Shareholders of record on Wednesday, January 22nd will be given a $1.15 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $4.60 dividend on an annualized basis and a yield of 1.78%. Lowe's Companies's payout ratio is 38.37%.

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.