Koss Olinger Consulting LLC Purchases New Stake in Lamb Weston (NYSE:LW)

Key Points

• Koss Olinger Consulting LLC purchased 32,669 shares of Lamb Weston, valued at approximately $1,741,000, highlighting continued institutional interest in the company.
• Several analysts have raised their price targets for Lamb Weston, with Barclays increasing its target from $61.00 to $68.00 and Jefferies lowering theirs from $80.00 to $75.00.
• Lamb Weston reported a quarterly EPS of $0.87, surpassing estimates, with revenues increasing 4.0% year-over-year, signaling strong financial performance.

Koss Olinger Consulting LLC acquired a new position in Lamb Weston (NYSE:LW - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,669 shares of the specialty retailer's stock, valued at approximately $1,741,000.

Several other hedge funds have also bought and sold shares of LW. National Bank of Canada FI lifted its position in shares of Lamb Weston by 15.9% during the 1st quarter. National Bank of Canada FI now owns 81,428 shares of the specialty retailer's stock valued at $4,340,000 after buying an additional 11,141 shares in the last quarter. Citigroup Inc. lifted its holdings in Lamb Weston by 324.4% in the 1st quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer's stock valued at $60,068,000 after purchasing an additional 861,417 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Lamb Weston by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,243,560 shares of the specialty retailer's stock valued at $66,282,000 after purchasing an additional 13,960 shares in the last quarter. ASR Vermogensbeheer N.V. purchased a new position in Lamb Weston in the 1st quarter valued at $199,000. Finally, Vanguard Group Inc. lifted its holdings in Lamb Weston by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer's stock valued at $909,987,000 after purchasing an additional 426,045 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Bank of America cut their price objective on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Barclays upped their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $67.40.

Lamb Weston Stock Performance

Shares of NYSE LW traded down $0.66 during trading on Friday, reaching $51.46. The stock had a trading volume of 1,064,727 shares, compared to its average volume of 2,768,497. Lamb Weston has a one year low of $47.87 and a one year high of $83.98. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38. The stock has a market cap of $7.17 billion, a PE ratio of 20.50, a P/E/G ratio of 2.04 and a beta of 0.49. The firm's 50 day moving average price is $53.78 and its two-hundred day moving average price is $54.03.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.23. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston's payout ratio is currently 58.96%.

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.