Rheos Capital Works Inc. lowered its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,000 shares of the specialty retailer's stock after selling 7,000 shares during the quarter. Rheos Capital Works Inc. owned approximately 0.07% of Lamb Weston worth $4,957,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Lamb Weston by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock valued at $1,112,511,000 after acquiring an additional 58,066 shares in the last quarter. JANA Partners Management LP boosted its holdings in Lamb Weston by 22.3% in the 4th quarter. JANA Partners Management LP now owns 7,131,339 shares of the specialty retailer's stock valued at $476,587,000 after purchasing an additional 1,302,585 shares during the period. Capital Research Global Investors purchased a new position in shares of Lamb Weston during the 4th quarter valued at $423,270,000. Boston Partners increased its holdings in shares of Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after purchasing an additional 735,901 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Lamb Weston by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock worth $229,065,000 after purchasing an additional 48,548 shares during the period. 89.56% of the stock is currently owned by institutional investors.
Lamb Weston Trading Up 0.9%
NYSE:LW traded up $0.48 during trading hours on Thursday, reaching $56.25. The company's stock had a trading volume of 962,164 shares, compared to its average volume of 2,640,915. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.40 and a beta of 0.49. The firm has a 50-day simple moving average of $53.19 and a 200-day simple moving average of $58.69. Lamb Weston Holdings, Inc. has a 1 year low of $47.90 and a 1 year high of $88.25.
Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $0.87 by $0.23. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.
Lamb Weston Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 2nd were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.
Analyst Ratings Changes
Several research firms recently commented on LW. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company lowered their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Jefferies Financial Group decreased their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.91.
Check Out Our Latest Analysis on Lamb Weston
About Lamb Weston
(
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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