Korea Investment CORP Sells 39,225 Shares of Lamb Weston $LW

Key Points

• Korea Investment CORP sold **39,225 shares** of Lamb Weston, reducing its stake by **81.2%**, leaving it with **9,063 shares** valued at **$483,000**.
• Analysts have mixed opinions on Lamb Weston, with Barclays raising the target price to **$68.00**, while Bank of America downgraded it to **$56.00**, highlighting differing views on the stock's potential.
• Lamb Weston recently reported earnings of **$0.87 per share**, beating estimates, and announced a quarterly dividend of **$0.37** with a yield of **2.6%**.

Korea Investment CORP decreased its position in Lamb Weston (NYSE:LW - Free Report) by 81.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,063 shares of the specialty retailer's stock after selling 39,225 shares during the quarter. Korea Investment CORP's holdings in Lamb Weston were worth $483,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LW. JANA Partners Management LP boosted its holdings in Lamb Weston by 22.3% in the fourth quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock worth $476,587,000 after acquiring an additional 1,302,585 shares in the last quarter. Citigroup Inc. boosted its holdings in Lamb Weston by 324.4% in the first quarter. Citigroup Inc. now owns 1,126,982 shares of the specialty retailer's stock worth $60,068,000 after acquiring an additional 861,417 shares in the last quarter. Invesco Ltd. boosted its holdings in Lamb Weston by 25.7% in the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer's stock worth $216,180,000 after acquiring an additional 829,207 shares in the last quarter. Freestone Grove Partners LP bought a new stake in Lamb Weston in the fourth quarter worth $42,752,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Lamb Weston by 20.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,016,944 shares of the specialty retailer's stock worth $201,624,000 after acquiring an additional 503,095 shares in the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Performance

Shares of LW stock traded down $0.46 during mid-day trading on Thursday, reaching $56.21. 605,923 shares of the company's stock traded hands, compared to its average volume of 2,309,148. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The firm has a 50 day moving average price of $53.71 and a two-hundred day moving average price of $53.63. 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 firm has a market capitalization of $7.83 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.33 and a beta of 0.49.

Lamb Weston (NYSE:LW - Get Free Report) last issued 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 net margin of 5.54% and a return on equity of 27.99%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. On average, research analysts forecast that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.6%. Lamb Weston's payout ratio is presently 58.96%.

Analyst Upgrades and Downgrades

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

Lamb Weston 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.