White Elm Capital LLC raised its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 6.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,982 shares of the specialty retailer’s stock after purchasing an additional 8,100 shares during the quarter. Lamb Weston comprises 2.3% of White Elm Capital LLC’s portfolio, making the stock its 21st largest holding. White Elm Capital LLC owned about 0.09% of Lamb Weston worth $9,453,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Rothschild Asset Management Inc. lifted its position in shares of Lamb Weston by 4.8% during the 2nd quarter. Rothschild Asset Management Inc. now owns 413,922 shares of the specialty retailer’s stock valued at $28,358,000 after acquiring an additional 19,102 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Lamb Weston by 223.8% in the second quarter. Canada Pension Plan Investment Board now owns 492,810 shares of the specialty retailer’s stock valued at $33,762,000 after purchasing an additional 340,600 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Lamb Weston by 16.0% in the second quarter. Sei Investments Co. now owns 309,836 shares of the specialty retailer’s stock valued at $21,228,000 after purchasing an additional 42,721 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Lamb Weston by 1.4% in the second quarter. Nisa Investment Advisors LLC now owns 66,236 shares of the specialty retailer’s stock valued at $4,538,000 after purchasing an additional 902 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of Lamb Weston by 29.7% in the first quarter. GSA Capital Partners LLP now owns 37,078 shares of the specialty retailer’s stock valued at $2,159,000 after purchasing an additional 8,494 shares in the last quarter. 80.42% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:LW traded up $0.11 during midday trading on Thursday, hitting $67.41. 441 shares of the stock were exchanged, compared to its average volume of 834,966. The company has a current ratio of 1.79, a quick ratio of 0.73 and a debt-to-equity ratio of -6.98. Lamb Weston Holdings Inc has a 52-week low of $44.92 and a 52-week high of $73.19. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 2.09 and a beta of 0.29.
Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Wednesday, July 25th. The specialty retailer reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Lamb Weston had a negative return on equity of 85.84% and a net margin of 12.16%. The business had revenue of $918.20 million during the quarter, compared to analyst estimates of $885.67 million. During the same period last year, the company earned $0.51 earnings per share. Lamb Weston’s quarterly revenue was up 10.3% compared to the same quarter last year. sell-side analysts forecast that Lamb Weston Holdings Inc will post 2.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 3rd were issued a dividend of $0.1913 per share. The ex-dividend date of this dividend was Thursday, August 2nd. This represents a $0.77 annualized dividend and a dividend yield of 1.13%. Lamb Weston’s dividend payout ratio is 28.57%.
A number of analysts have recently issued reports on LW shares. Vertical Research started coverage on Lamb Weston in a report on Monday, May 21st. They issued a “sell” rating for the company. Vertical Group started coverage on Lamb Weston in a report on Tuesday, May 22nd. They issued a “sell” rating and a $56.00 target price for the company. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. Jefferies Financial Group restated a “buy” rating and issued a $71.00 target price on shares of Lamb Weston in a report on Wednesday, June 6th. Finally, Bank of America increased their target price on Lamb Weston from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $68.33.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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