Virginia Retirement Systems ET AL lessened its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 38.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 269,200 shares of the specialty retailer’s stock after selling 166,500 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Lamb Weston were worth $19,576,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Signaturefd LLC increased its holdings in Lamb Weston by 16.8% in the third quarter. Signaturefd LLC now owns 934 shares of the specialty retailer’s stock valued at $68,000 after buying an additional 134 shares during the last quarter. Oakbrook Investments LLC grew its holdings in shares of Lamb Weston by 2.3% during the second quarter. Oakbrook Investments LLC now owns 6,666 shares of the specialty retailer’s stock worth $422,000 after purchasing an additional 150 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Lamb Weston by 3.2% during the second quarter. Advisory Services Network LLC now owns 4,880 shares of the specialty retailer’s stock worth $309,000 after purchasing an additional 151 shares during the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of Lamb Weston by 2.1% during the second quarter. Clark Capital Management Group Inc. now owns 8,374 shares of the specialty retailer’s stock worth $531,000 after purchasing an additional 175 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Lamb Weston by 2.9% during the second quarter. Bessemer Group Inc. now owns 6,367 shares of the specialty retailer’s stock worth $403,000 after purchasing an additional 180 shares during the last quarter. 87.18% of the stock is currently owned by hedge funds and other institutional investors.
LW has been the topic of several research reports. Zacks Investment Research raised Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price objective on the stock in a report on Friday, July 26th. TheStreet raised Lamb Weston from a “d+” rating to a “c+” rating in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $75.71.
Shares of LW stock traded down $0.71 during mid-day trading on Wednesday, hitting $74.62. 29,150 shares of the stock were exchanged, compared to its average volume of 1,168,125. The stock’s fifty day simple moving average is $74.25 and its two-hundred day simple moving average is $68.11. The stock has a market capitalization of $11.22 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.90 and a beta of 0.17. Lamb Weston Holdings Inc has a 12-month low of $58.83 and a 12-month high of $83.86. The company has a debt-to-equity ratio of 23.94, a quick ratio of 0.81 and a current ratio of 1.68.
Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Wednesday, October 2nd. The specialty retailer reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.01. Lamb Weston had a negative return on equity of 1,426.55% and a net margin of 12.44%. The company had revenue of $989.00 million for the quarter, compared to analyst estimates of $971.45 million. During the same quarter last year, the company posted $0.73 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that Lamb Weston Holdings Inc will post 3.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.07%. Lamb Weston’s dividend payout ratio (DPR) is 24.84%.
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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