Anson Funds Management LP Acquires Shares of 89,759 Lamb Weston $LW

Key Points

• Anson Funds Management LP has acquired a new stake in Lamb Weston, purchasing approximately 89,759 shares valued at around $4.78 million during the first quarter.
• Lamb Weston reported $1.68 billion in revenue for the quarter, surpassing estimates, and set a quarterly dividend of $0.37 per share to be paid at the end of August.
• Institutional investors now hold approximately 89.56% of Lamb Weston’s stock, reflecting significant interest from various financial firms in the specialty retailer.

Anson Funds Management LP acquired a new stake in Lamb Weston (NYSE:LW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 89,759 shares of the specialty retailer's stock, valued at approximately $4,784,000. Anson Funds Management LP owned approximately 0.06% of Lamb Weston at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new position in Lamb Weston in the 4th quarter valued at approximately $34,000. Wayfinding Financial LLC purchased a new position in Lamb Weston during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Lamb Weston in the first quarter worth $28,000. Whipplewood Advisors LLC raised its holdings in shares of Lamb Weston by 3,466.7% in the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after acquiring an additional 520 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Lamb Weston in the first quarter worth $48,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LW has been the subject of a number of analyst reports. JPMorgan Chase & Co. initiated coverage on Lamb Weston in a report on Wednesday, August 20th. They issued a "neutral" rating and a $57.00 price target for the company. Barclays boosted their price target on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wells Fargo & Company boosted their price target on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America cut their price target on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a report on Wednesday, June 18th. Finally, Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Lamb Weston currently has an average rating of "Hold" and a consensus target price of $65.30.

Lamb Weston Stock Down 0.7%

Shares of LW traded down $0.39 during trading on Thursday, reaching $56.27. The company's stock had a trading volume of 1,142,860 shares, compared to its average volume of 2,312,694. The company has a fifty day moving average of $53.71 and a two-hundred day moving average of $53.63. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.33 and a beta of 0.49. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results 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 company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.78 EPS. Lamb Weston's quarterly revenue was up 4.0% on a year-over-year basis. Lamb Weston has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.6%. Lamb Weston's dividend payout ratio is presently 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.