Zurcher Kantonalbank Zurich Cantonalbank Purchases 142,465 Shares of Lowe’s Companies, Inc. $LOW

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Lowe’s Companies, Inc. (NYSE:LOW) by 64.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,637 shares of the home improvement retailer’s stock after buying an additional 142,465 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lowe’s Companies were worth $87,695,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Lowe’s Companies by 119.7% during the 4th quarter. Brighton Jones LLC now owns 31,965 shares of the home improvement retailer’s stock worth $7,889,000 after purchasing an additional 17,413 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Lowe’s Companies by 31.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,078 shares of the home improvement retailer’s stock valued at $266,000 after buying an additional 259 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Lowe’s Companies by 22.3% during the second quarter. Sivia Capital Partners LLC now owns 1,534 shares of the home improvement retailer’s stock worth $340,000 after acquiring an additional 280 shares in the last quarter. United Bank raised its stake in shares of Lowe’s Companies by 1.3% during the 2nd quarter. United Bank now owns 12,124 shares of the home improvement retailer’s stock worth $2,690,000 after purchasing an additional 155 shares in the last quarter. Finally, Schnieders Capital Management LLC. lifted its stake in Lowe’s Companies by 13.1% in the second quarter. Schnieders Capital Management LLC. now owns 2,378 shares of the home improvement retailer’s stock valued at $528,000 after acquiring an additional 275 shares during the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LOW shares. Rothschild & Co Redburn raised their price target on Lowe’s Companies from $280.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Evercore reduced their price target on Lowe’s Companies from $250.00 to $245.00 in a research report on Tuesday, March 31st. Jefferies Financial Group reiterated a “buy” rating and set a $305.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, February 25th. Weiss Ratings upgraded Lowe’s Companies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Lowe’s Companies from $283.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.24.

Lowe’s Companies Stock Down 0.0%

Lowe’s Companies stock opened at $251.62 on Monday. The company has a market capitalization of $140.92 billion, a PE ratio of 21.23, a PEG ratio of 5.47 and a beta of 0.97. Lowe’s Companies, Inc. has a 12-month low of $210.33 and a 12-month high of $293.06. The firm’s fifty day moving average is $252.45 and its 200 day moving average is $249.69.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, February 25th. The home improvement retailer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $20.59 billion during the quarter, compared to analysts’ expectations of $20.34 billion. Lowe’s Companies had a negative return on equity of 61.40% and a net margin of 7.71%.The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.93 earnings per share. Lowe’s Companies has set its FY 2026 guidance at 12.250-12.75 EPS. Sell-side analysts expect that Lowe’s Companies, Inc. will post 11.9 EPS for the current fiscal year.

Lowe’s Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. Lowe’s Companies’s dividend payout ratio is currently 40.51%.

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.