New York State Teachers Retirement System lessened its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 126,659 shares of the specialty retailer's stock after selling 4,874 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Lamb Weston worth $6,751,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in Lamb Weston by 63.5% during the 4th quarter. Jones Financial Companies Lllp now owns 4,971 shares of the specialty retailer's stock valued at $332,000 after acquiring an additional 1,931 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Lamb Weston during the fourth quarter worth about $36,000. Steward Partners Investment Advisory LLC lifted its position in shares of Lamb Weston by 2.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 16,251 shares of the specialty retailer's stock worth $1,086,000 after purchasing an additional 317 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Lamb Weston by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after purchasing an additional 16,092 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Lamb Weston by 2,050.3% in the fourth quarter. Assetmark Inc. now owns 3,161 shares of the specialty retailer's stock valued at $211,000 after buying an additional 3,014 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.
Lamb Weston Trading Down 2.8%
LW traded down $1.46 during trading on Monday, reaching $51.01. The company had a trading volume of 2,048,924 shares, compared to its average volume of 2,653,469. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.58 and a current ratio of 1.35. Lamb Weston has a 12-month low of $47.90 and a 12-month high of $83.98. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.16 and a beta of 0.46. The firm's 50-day simple moving average is $53.13 and its 200 day simple moving average is $55.58.
Lamb Weston (NYSE:LW - Get Free Report) last released its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. The business had revenue of $1.52 billion for 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%. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $1.20 earnings per share. Equities research analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on LW shares. Barclays lowered their price target on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Wells Fargo & Company decreased their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. 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. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $67.73.
Check Out Our Latest Stock Report on Lamb Weston
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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