Hudson Bay Capital Management LP Purchases Shares of 34,618 Lamb Weston Holdings, Inc. (NYSE:LW)

Hudson Bay Capital Management LP purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,618 shares of the specialty retailer's stock, valued at approximately $2,314,000.

Several other hedge funds have also recently added to or reduced their stakes in LW. Alberta Investment Management Corp acquired a new position in Lamb Weston in the fourth quarter worth approximately $2,641,000. Atria Wealth Solutions Inc. acquired a new position in Lamb Weston in the 4th quarter worth approximately $2,850,000. Leeward Investments LLC MA grew its position in Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock worth $10,457,000 after purchasing an additional 45,904 shares in the last quarter. HB Wealth Management LLC raised its position in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after buying an additional 817 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lamb Weston by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock valued at $82,174,000 after purchasing an additional 16,092 shares during the period. Institutional investors own 89.56% of the company's stock.

Lamb Weston Trading Down 0.7%

NYSE:LW traded down $0.38 during mid-day trading on Monday, hitting $53.47. The company had a trading volume of 291,060 shares, compared to its average volume of 2,648,352. The firm has a market cap of $7.54 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The business's fifty day moving average is $53.03 and its two-hundred day moving average is $61.49. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data 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. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.20 EPS. Lamb Weston's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.

Analysts Set New Price Targets

A number of research firms have issued reports on LW. Barclays reduced their target price on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. 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. Jefferies Financial Group cut their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 target price on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, StockNews.com raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $69.91.

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.