Woodline Partners LP bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 186,774 shares of the specialty retailer's stock, valued at approximately $12,482,000. Woodline Partners LP owned 0.13% of Lamb Weston as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in LW. Stonebridge Financial Group LLC purchased a new position in Lamb Weston in the 4th quarter worth $35,000. SBI Securities Co. Ltd. purchased a new position in Lamb Weston in the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. purchased a new position in Lamb Weston in the 4th quarter worth $47,000. Advantage Trust Co purchased a new position in Lamb Weston in the 4th quarter worth $53,000. Finally, Allworth Financial LP raised its position in Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after purchasing an additional 170 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.
Lamb Weston Price Performance
Shares of NYSE LW opened at $51.49 on Thursday. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $89.51. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The company's 50-day moving average is $53.19 and its 200 day moving average is $61.21. The stock has a market capitalization of $7.27 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.40 and a beta of 0.46.
Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. Lamb Weston's quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.
Lamb Weston Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on LW. StockNews.com upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group decreased their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Barclays decreased their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Lamb Weston presently has an average rating of "Hold" and an average price target of $69.91.
Check Out Our Latest Research Report on LW
About Lamb Weston
(
Free Report)
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.
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