Danske Bank A S Has $63.52 Million Stock Holdings in Lowe’s Companies, Inc. $LOW

Danske Bank A S cut its position in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 22.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 263,387 shares of the home improvement retailer’s stock after selling 75,287 shares during the quarter. Danske Bank A S’s holdings in Lowe’s Companies were worth $63,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lowe’s Companies by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 56,230,787 shares of the home improvement retailer’s stock worth $13,560,617,000 after purchasing an additional 924,625 shares during the period. State Street Corp lifted its stake in Lowe’s Companies by 0.5% during the third quarter. State Street Corp now owns 25,036,276 shares of the home improvement retailer’s stock worth $6,291,867,000 after purchasing an additional 124,501 shares during the period. Northern Trust Corp lifted its stake in Lowe’s Companies by 1.5% during the third quarter. Northern Trust Corp now owns 6,830,080 shares of the home improvement retailer’s stock worth $1,716,467,000 after purchasing an additional 103,827 shares during the period. Invesco Ltd. raised its stake in shares of Lowe’s Companies by 5.2% in the third quarter. Invesco Ltd. now owns 4,830,373 shares of the home improvement retailer’s stock valued at $1,213,921,000 after acquiring an additional 240,123 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Lowe’s Companies by 12.1% in the third quarter. Bank of New York Mellon Corp now owns 4,294,776 shares of the home improvement retailer’s stock valued at $1,079,320,000 after acquiring an additional 463,012 shares during the last quarter. 74.06% of the stock is owned by institutional investors and hedge funds.

Lowe’s Companies Stock Down 2.2%

Shares of LOW stock opened at $233.55 on Friday. The firm has a fifty day moving average of $245.40 and a 200-day moving average of $249.81. Lowe’s Companies, Inc. has a 12-month low of $210.33 and a 12-month high of $293.06. The firm has a market capitalization of $130.80 billion, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 5.19 and a beta of 0.91.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.04. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The firm had revenue of $20.59 billion for the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter last year, the business posted $1.93 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Research analysts expect that Lowe’s Companies, Inc. will post 12.61 earnings per share for the current year.

Lowe’s Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a yield of 2.1%. Lowe’s Companies’s payout ratio is 40.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LOW shares. Morgan Stanley cut their target price on shares of Lowe’s Companies from $296.00 to $292.00 and set an “overweight” rating for the company in a research note on Tuesday. Robert W. Baird boosted their price objective on shares of Lowe’s Companies from $290.00 to $320.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 17th. Rothschild & Co Redburn boosted their price objective on shares of Lowe’s Companies from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. The Goldman Sachs Group lifted their target price on shares of Lowe’s Companies from $283.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Argus lifted their target price on shares of Lowe’s Companies from $286.00 to $288.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Twenty-two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Lowe’s Companies presently has a consensus rating of “Moderate Buy” and an average price target of $289.10.

Lowe’s Companies 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.