Soviero Asset Management LP Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Soviero Asset Management LP purchased a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,000 shares of the specialty retailer's stock, valued at approximately $3,342,000. Lamb Weston comprises 2.1% of Soviero Asset Management LP's portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming increased its position in Lamb Weston by 60.6% in the fourth quarter. State of Wyoming now owns 3,357 shares of the specialty retailer's stock worth $224,000 after buying an additional 1,267 shares during the last quarter. Snowden Capital Advisors LLC increased its position in Lamb Weston by 8.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer's stock worth $227,000 after buying an additional 256 shares during the last quarter. Siemens Fonds Invest GmbH purchased a new stake in Lamb Weston in the fourth quarter worth $823,000. Silvercrest Asset Management Group LLC purchased a new stake in Lamb Weston in the fourth quarter worth $11,546,000. Finally, Redwood Investment Management LLC purchased a new stake in Lamb Weston in the fourth quarter worth $2,399,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

NYSE:LW traded down $0.41 during trading hours on Friday, hitting $50.61. 1,911,810 shares of the company's stock traded hands, compared to its average volume of 2,650,394. The firm has a market cap of $7.14 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51. The business's fifty day simple moving average is $53.09 and its two-hundred day simple moving average is $60.83. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. On average, research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 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 30th. Shareholders of record on Friday, May 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is currently 58.04%.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of recent research reports. Jefferies Financial Group decreased their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Barclays reduced their price target on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $69.91.

About Lamb Weston

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.