State of Alaska Department of Revenue Trims Stock Position in Lamb Weston Holdings, Inc. (NYSE:LW)
A number of other hedge funds and other institutional investors have also made changes to their positions in LW. Vanguard Group Inc. grew its stake in Lamb Weston by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 16,085,009 shares of the specialty retailer’s stock worth $963,653,000 after buying an additional 198,274 shares during the last quarter. State Street Corp boosted its holdings in shares of Lamb Weston by 2.7% in the second quarter. State Street Corp now owns 5,827,657 shares of the specialty retailer’s stock valued at $669,889,000 after acquiring an additional 154,165 shares during the period. Invesco Ltd. grew its position in shares of Lamb Weston by 2.3% during the third quarter. Invesco Ltd. now owns 3,417,548 shares of the specialty retailer’s stock worth $315,986,000 after acquiring an additional 77,937 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Lamb Weston by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 3,043,919 shares of the specialty retailer’s stock valued at $317,658,000 after acquiring an additional 69,429 shares during the period. Finally, Morgan Stanley raised its position in Lamb Weston by 7.4% in the 3rd quarter. Morgan Stanley now owns 2,022,032 shares of the specialty retailer’s stock valued at $186,957,000 after purchasing an additional 138,595 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on LW. Wells Fargo & Company assumed coverage on shares of Lamb Weston in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $120.00 price objective on the stock. BNP Paribas assumed coverage on Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price target on the stock. Stifel Nicolaus upped their price objective on Lamb Weston from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, January 5th. Citigroup started coverage on Lamb Weston in a research note on Thursday, February 1st. They issued a “buy” rating and a $132.00 target price on the stock. Finally, StockNews.com cut Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.20.
Get Our Latest Analysis on Lamb Weston
Lamb Weston Trading Down 19.4 %
NYSE:LW opened at $81.53 on Friday. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 1.17 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1 year low of $80.02 and a 1 year high of $117.38. The stock has a fifty day moving average price of $102.42 and a two-hundred day moving average price of $99.86. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.57 and a current ratio of 1.29.
Lamb Weston (NYSE:LW – Get Free Report) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.22). The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 17.71% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the business earned $1.43 EPS. As a group, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 5.95 earnings per share for the current fiscal year.
Lamb Weston Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is 18.73%.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
Featured Stories
Want to see what other hedge funds are holding LW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lamb Weston Holdings, Inc. (NYSE:LW – Free Report).
Receive News & Ratings for Lamb Weston Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lamb Weston and related companies with MarketBeat.com’s FREE daily email newsletter.
