Lamb Weston (NYSE:LW) Stake Increased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Lamb Weston by 25.1% during the first quarter, owning approximately 0.18% of the company valued at $13.4 million.
• Analysts have mixed views on Lamb Weston, with a consensus rating of "Hold" and a price target averaging $67.40, highlighting a range of price objectives from $56.00 to $75.00.
• Lamb Weston recently reported earnings of $0.87 per share, surpassing estimates, with a 4.0% increase in revenue year-over-year to $1.68 billion.

Natixis Advisors LLC grew its holdings in Lamb Weston (NYSE:LW - Free Report) by 25.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,831 shares of the specialty retailer's stock after purchasing an additional 50,582 shares during the period. Natixis Advisors LLC owned approximately 0.18% of Lamb Weston worth $13,423,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Romano Brothers AND Company lifted its holdings in shares of Lamb Weston by 1.4% in the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock valued at $813,000 after purchasing an additional 218 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Lamb Weston by 2.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock worth $585,000 after acquiring an additional 219 shares in the last quarter. Norinchukin Bank The boosted its position in Lamb Weston by 4.0% during the fourth quarter. Norinchukin Bank The now owns 5,873 shares of the specialty retailer's stock valued at $392,000 after purchasing an additional 227 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Lamb Weston by 4.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock valued at $319,000 after purchasing an additional 230 shares during the last quarter. Finally, Snowden Capital Advisors LLC boosted its position in Lamb Weston by 8.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer's stock valued at $227,000 after purchasing an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the company a "hold" rating in a research report on Thursday, April 24th. Barclays lifted their price objective on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group reduced their price objective 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. Finally, Bank of America reduced their price objective on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating for the company in a research report on Wednesday, June 18th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $67.40.

Lamb Weston Price Performance

NYSE LW opened at $55.97 on Monday. Lamb Weston has a fifty-two week low of $47.87 and a fifty-two week high of $83.98. The stock's 50-day moving average is $53.88 and its two-hundred day moving average is $54.32. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68. The firm has a market cap of $7.80 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.13 and a beta of 0.49.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.23. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%. The firm's revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. On average, analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston's dividend payout ratio (DPR) is currently 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.

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