Danske Bank A S Invests $85.11 Million in Lowe's Companies, Inc. $LOW

Key Points

• Danske Bank A/S bought a new stake of 338,674 Lowe's shares in Q3 valued at about $85.11 million, representing roughly 0.06% ownership.
• Lowe's topped estimates with $1.98 EPS (vs. $1.94) and $20.58 billion revenue (up 10.9% YoY) for the quarter, and set FY2026 guidance of EPS $12.25–$12.75.
• Wall Street sentiment is broadly positive: the stock has an average analyst rating of "Moderate Buy" and an average price target of $289.76.

Danske Bank A S purchased a new stake in Lowe's Companies, Inc. (NYSE:LOW - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 338,674 shares of the home improvement retailer's stock, valued at approximately $85,112,000. Danske Bank A S owned approximately 0.06% of Lowe's Companies as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Howard Hughes Medical Institute purchased a new position in shares of Lowe's Companies during the second quarter valued at approximately $27,000. Activest Wealth Management boosted its holdings in Lowe's Companies by 78.5% during the 3rd quarter. Activest Wealth Management now owns 116 shares of the home improvement retailer's stock worth $29,000 after acquiring an additional 51 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Lowe's Companies in the 2nd quarter worth $30,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of Lowe's Companies by 128.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 135 shares of the home improvement retailer's stock worth $30,000 after acquiring an additional 76 shares in the last quarter. Finally, United Financial Planning Group LLC purchased a new stake in shares of Lowe's Companies in the third quarter valued at about $31,000. 74.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Gordon Haskett reduced their price objective on shares of Lowe's Companies from $325.00 to $300.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Mizuho upped their target price on Lowe's Companies from $272.00 to $294.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Barclays upgraded Lowe's Companies from an "equal weight" rating to an "overweight" rating and set a $285.00 price target on the stock in a report on Wednesday, January 7th. Robert W. Baird upped their price objective on Lowe's Companies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Tuesday, February 17th. Finally, Piper Sandler reiterated an "overweight" rating and set a $300.00 target price (up from $294.00) on shares of Lowe's Companies in a research note on Thursday, February 26th. Twenty-one analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $289.76.

Insider Activity at Lowe's Companies

In related news, CEO Marvin R. Ellison sold 18,000 shares of the firm's stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $261.17, for a total value of $4,701,060.00. Following the completion of the transaction, the chief executive officer directly owned 231,043 shares of the company's stock, valued at approximately $60,341,500.31. This trade represents a 7.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.27% of the company's stock.

Lowe's Companies Price Performance

Shares of LOW opened at $239.82 on Wednesday. Lowe's Companies, Inc. has a 1 year low of $206.38 and a 1 year high of $293.06. The stock's fifty day moving average price is $268.21 and its two-hundred day moving average price is $253.87. The firm has a market cap of $134.53 billion, a PE ratio of 20.24, a PEG ratio of 5.26 and a beta of 0.98.

Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The home improvement retailer reported $1.98 earnings per share for the quarter, topping 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 company had revenue of $20.58 billion during the quarter, compared to the consensus estimate of $20.34 billion. During the same quarter in the prior year, the company earned $1.93 EPS. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. Lowe's Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Sell-side analysts anticipate that Lowe's Companies, Inc. will post 11.9 earnings per share for the current fiscal year.

About Lowe's Companies

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.

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