Asset Management One Co. Ltd. lowered its stake in Lamb Weston (NYSE:LW - Free Report) by 92.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,157 shares of the specialty retailer's stock after selling 52,313 shares during the period. Asset Management One Co. Ltd.'s holdings in Lamb Weston were worth $222,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Romano Brothers AND Company grew its position in Lamb Weston by 1.4% in the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock worth $813,000 after acquiring an additional 218 shares in the last quarter. Blair William & Co. IL lifted its stake in Lamb Weston by 3.2% in the fourth quarter. Blair William & Co. IL now owns 7,130 shares of the specialty retailer's stock worth $476,000 after purchasing an additional 219 shares during the last quarter. Atria Investments Inc lifted its stake in Lamb Weston by 3.2% in the fourth quarter. Atria Investments Inc now owns 7,255 shares of the specialty retailer's stock worth $485,000 after purchasing an additional 227 shares during the last quarter. Norinchukin Bank The lifted its stake in Lamb Weston by 4.0% in the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock worth $392,000 after purchasing an additional 227 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Lamb Weston by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 43,702 shares of the specialty retailer's stock worth $2,921,000 after purchasing an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on LW shares. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Barclays decreased their price objective on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Jefferies Financial Group decreased their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Bank of America decreased their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. Nine 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, Lamb Weston currently has a consensus rating of "Hold" and a consensus price target of $67.73.
Check Out Our Latest Analysis on Lamb Weston
Lamb Weston Stock Performance
Shares of NYSE:LW opened at $51.94 on Tuesday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.18 and a beta of 0.49. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $84.40. The company has a quick ratio of 0.58, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The firm has a 50 day moving average of $53.12 and a 200 day moving average of $56.31.
Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a net margin of 5.74% and a return on equity of 27.25%. Lamb Weston's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 earnings per share. On average, sell-side analysts predict that Lamb Weston will post 3.1 earnings per share for the current fiscal year.
Lamb Weston Profile
(
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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