Woodline Partners LP Cuts Position in Lamb Weston $LW

Key Points

• Woodline Partners LP has reduced its stake in Lamb Weston by 10.1%, owning 167,877 shares valued at approximately $8.95 million as of the latest SEC filing.
• Lamb Weston reported an earnings per share (EPS) of $0.87 for the last quarter, exceeding analyst expectations of $0.64, with revenue of $1.68 billion, marking a 4.0% increase year over year.
• The company announced a quarterly dividend of $0.37 per share, translating into an annualized dividend of $1.48 and a dividend yield of 2.6%.

Woodline Partners LP decreased its position in Lamb Weston (NYSE:LW - Free Report) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,877 shares of the specialty retailer's stock after selling 18,897 shares during the quarter. Woodline Partners LP owned 0.12% of Lamb Weston worth $8,948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Romano Brothers AND Company raised its position in 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 during the period. Teachers Retirement System of The State of Kentucky raised its position in Lamb Weston by 2.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock valued at $585,000 after purchasing an additional 219 shares during the period. Concurrent Investment Advisors LLC raised its position in Lamb Weston by 4.0% in 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 period. Snowden Capital Advisors LLC raised its position in Lamb Weston by 8.2% in 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 period. Finally, Smith Thornton Advisors LLC raised its position in Lamb Weston by 6.8% in the first quarter. Smith Thornton Advisors LLC now owns 4,300 shares of the specialty retailer's stock valued at $229,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

Shares of LW stock opened at $57.20 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12. The firm has a fifty day moving average price of $54.54 and a 200 day moving average price of $53.62. The company has a market cap of $7.97 billion, a P/E ratio of 22.79, a PEG ratio of 2.30 and a beta of 0.49. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98.

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

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 1st were paid a dividend of $0.37 per share. The ex-dividend date was 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

A number of analysts have recently weighed in on the company. Bank of America cut their price objective on Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Wells Fargo & Company upped their price objective on Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. assumed coverage on Lamb Weston in a research report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 price objective on the stock. Finally, Barclays upped their price objective on Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.

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