Corient Private Wealth LP Invests $1.20 Million in Lamb Weston $LW

Corient Private Wealth LP bought a new position in Lamb Weston (NYSE:LW - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 27,717 shares of the specialty retailer's stock, valued at approximately $1,197,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arnhold LLC grew its holdings in shares of Lamb Weston by 710.2% during the fourth quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer's stock valued at $1,601,000 after buying an additional 33,500 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Lamb Weston by 44.8% during the fourth quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer's stock worth $3,770,000 after purchasing an additional 27,835 shares during the period. Principal Financial Group Inc. grew its position in Lamb Weston by 349.1% during the first quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer's stock valued at $29,180,000 after purchasing an additional 536,745 shares in the last quarter. Texas Yale Capital Corp. acquired a new position in Lamb Weston in the 4th quarter valued at approximately $1,264,000. Finally, Hsbc Holdings PLC increased its stake in Lamb Weston by 11.4% in the 1st quarter. Hsbc Holdings PLC now owns 525,541 shares of the specialty retailer's stock valued at $21,762,000 after buying an additional 53,655 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $49.88 on Friday. The stock has a market capitalization of $6.86 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.25 and a beta of 0.47. The business has a 50-day moving average of $50.48 and a two-hundred day moving average of $45.96. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.24. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm's revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities research analysts predict that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 7th were paid a $0.38 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.0%. Lamb Weston's dividend payout ratio (DPR) is presently 73.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LW shares. TD Cowen upped their price target on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a "hold" rating in a research note on Tuesday, July 28th. Wall Street Zen raised Lamb Weston from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Weiss Ratings upgraded Lamb Weston from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their target price on Lamb Weston from $43.00 to $48.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, Barclays raised their price target on Lamb Weston from $50.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Lamb Weston has a consensus rating of "Hold" and an average price target of $53.36.

About Lamb Weston

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company's portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world's largest producers of frozen potato products.

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