Fort L.P. bought a new stake in Lamb Weston Holdings Inc (NYSE:LW) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,813 shares of the specialty retailer’s stock, valued at approximately $124,000.
A number of other large investors have also bought and sold shares of the business. First Allied Advisory Services Inc. lifted its holdings in shares of Lamb Weston by 16.8% in the first quarter. First Allied Advisory Services Inc. now owns 5,327 shares of the specialty retailer’s stock valued at $315,000 after purchasing an additional 765 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Lamb Weston by 1.5% in the first quarter. State Treasurer State of Michigan now owns 53,300 shares of the specialty retailer’s stock valued at $3,103,000 after purchasing an additional 800 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Lamb Weston by 3.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 24,389 shares of the specialty retailer’s stock valued at $1,671,000 after purchasing an additional 823 shares in the last quarter. Bollard Group LLC lifted its holdings in shares of Lamb Weston by 3.4% in the second quarter. Bollard Group LLC now owns 26,193 shares of the specialty retailer’s stock valued at $1,794,000 after purchasing an additional 850 shares in the last quarter. Finally, 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. 80.42% of the stock is owned by hedge funds and other institutional investors.
Several research firms recently issued reports on LW. ValuEngine lowered Lamb Weston from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Wednesday, July 4th. Bank of America upped their target price on Lamb Weston from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, June 19th. Jefferies Financial Group reiterated a “buy” rating and set a $71.00 target price on shares of Lamb Weston in a report on Wednesday, June 6th. Finally, Vertical Research began coverage on Lamb Weston in a report on Monday, May 21st. They set a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $68.33.
Shares of LW opened at $66.83 on Friday. 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 capitalization of $9.84 billion, a PE ratio of 25.12, a PEG ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of -6.98, a current ratio of 1.79 and a quick ratio of 0.73.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $0.65 EPS for the quarter, beating the Zacks’ 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 company had revenue of $918.20 million during the quarter, compared to analysts’ expectations of $885.67 million. During the same period in the prior year, the company earned $0.51 EPS. Lamb Weston’s revenue was up 10.3% compared to the same quarter last year. analysts expect that Lamb Weston Holdings Inc will post 2.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 3rd were paid a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, August 2nd. Lamb Weston’s payout ratio is 28.57%.
Lamb Weston Company 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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