Lamb Weston $LW Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Lamb Weston by 48.2%, now holding 247,698 shares valued at approximately $13.2 million.
• Multiple hedge funds have expanded their positions in Lamb Weston, with Citigroup Inc. boosting its stake by 324.4% during the first quarter.
• Lamb Weston reported earnings per share (EPS) of $0.87 for the last quarter, exceeding the consensus estimate of $0.64, and the company also announced a dividend of $0.37 to be paid on August 29th.

Russell Investments Group Ltd. boosted its holdings in shares of Lamb Weston (NYSE:LW - Free Report) by 48.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 247,698 shares of the specialty retailer's stock after purchasing an additional 80,516 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Lamb Weston worth $13,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LW. Public Sector Pension Investment Board raised its holdings in shares of Lamb Weston by 114.7% in the 1st quarter. Public Sector Pension Investment Board now owns 38,275 shares of the specialty retailer's stock valued at $2,040,000 after purchasing an additional 20,448 shares in the last quarter. Nuveen LLC purchased a new position in shares of Lamb Weston during the first quarter valued at approximately $17,111,000. Aigen Investment Management LP purchased a new position in shares of Lamb Weston in the 1st quarter valued at $1,312,000. Entropy Technologies LP acquired a new stake in Lamb Weston during the 1st quarter valued at $335,000. Finally, Invesco Ltd. grew its holdings in Lamb Weston by 25.7% during the 1st 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. Institutional investors and hedge funds own 89.56% of the company's stock.

Wall Street Analyst Weigh In

LW has been the topic of several analyst reports. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Bank of America cut their target price on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Wells Fargo & Company raised their price target on shares of Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Barclays raised their price target on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a report on Friday, July 25th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $67.40.

Lamb Weston Price Performance

LW stock traded up $0.7830 during mid-day trading on Tuesday, reaching $55.0830. 1,114,438 shares of the company traded hands, compared to its average volume of 2,411,880. The company has a fifty day moving average price of $53.58 and a 200-day moving average price of $53.74. The company has a market capitalization of $7.68 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.15 and a beta of 0.49. Lamb Weston has a 52-week low of $47.87 and a 52-week high of $83.98. The company has a debt-to-equity ratio of 2.12, a current ratio of 1.38 and a quick ratio of 0.68.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.23. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. Lamb Weston has set its FY 2026 guidance at EPS. As a group, analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Announces Dividend

The business 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 2.7%. The ex-dividend date of this dividend is Friday, August 1st. Lamb Weston's payout ratio is presently 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.