Janus Henderson Group PLC Boosts Stake in Lamb Weston Holdings Inc. (LW)

Janus Henderson Group PLC grew its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 33,787.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,676,101 shares of the specialty retailer’s stock after acquiring an additional 2,668,204 shares during the quarter. Janus Henderson Group PLC owned about 1.83% of Lamb Weston Holdings worth $117,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TPG Group Holdings SBS Advisors Inc. boosted its position in shares of Lamb Weston Holdings by 11.2% during the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 775,176 shares of the specialty retailer’s stock valued at $34,139,000 after acquiring an additional 77,783 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Lamb Weston Holdings by 52.1% during the 2nd quarter. Flinton Capital Management LLC now owns 13,244 shares of the specialty retailer’s stock valued at $583,000 after acquiring an additional 4,536 shares during the last quarter. Prudential PLC boosted its position in shares of Lamb Weston Holdings by 54.1% during the 2nd quarter. Prudential PLC now owns 152,708 shares of the specialty retailer’s stock valued at $6,725,000 after acquiring an additional 53,636 shares during the last quarter. Harris Associates L P bought a new position in shares of Lamb Weston Holdings during the 2nd quarter valued at approximately $30,823,000. Finally, Employees Retirement System of Texas boosted its position in shares of Lamb Weston Holdings by 22.8% during the 2nd quarter. Employees Retirement System of Texas now owns 322,666 shares of the specialty retailer’s stock valued at $14,210,000 after acquiring an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Shares of Lamb Weston Holdings Inc. (NYSE LW) traded down 0.63% during mid-day trading on Monday, reaching $48.82. The company had a trading volume of 34,464 shares. The stock’s 50-day moving average price is $46.08 and its 200 day moving average price is $44.41. The company has a market capitalization of $7.14 billion and a PE ratio of 21.79. Lamb Weston Holdings Inc. has a 1-year low of $28.75 and a 1-year high of $49.94.

Lamb Weston Holdings (NYSE:LW) last posted its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million for the quarter, compared to analyst estimates of $795.61 million. The business’s revenue was up 5.3% on a year-over-year basis. Equities analysts expect that Lamb Weston Holdings Inc. will post $2.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 annualized dividend and a yield of 1.53%. Lamb Weston Holdings’s dividend payout ratio (DPR) is 33.63%.

A number of research analysts have recently commented on LW shares. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price (up from $46.00) on shares of Lamb Weston Holdings in a research report on Thursday. Jefferies Group LLC reiterated a “buy” rating and set a $58.00 target price (up from $53.00) on shares of Lamb Weston Holdings in a research report on Thursday. Bank of America Corporation increased their target price on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their price target for the stock from $42.00 to $44.00 in a research report on Tuesday, July 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.89.

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Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TPG Group Holdings SBS Advisors Inc. boosted its position in shares of Lamb Weston Holdings by 11.2% during the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 775,176 shares of the specialty retailer’s stock valued at $34,139,000 after acquiring an additional 77,783 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of Lamb Weston Holdings by 52.1% during the 2nd quarter. Flinton Capital Management LLC now owns 13,244 shares of the specialty retailer’s stock valued at $583,000 after acquiring an additional 4,536 shares during the last quarter. Prudential PLC boosted its position in shares of Lamb Weston Holdings by 54.1% during the 2nd quarter. Prudential PLC now owns 152,708 shares of the specialty retailer’s stock valued at $6,725,000 after acquiring an additional 53,636 shares during the last quarter. Harris Associates L P bought a new position in shares of Lamb Weston Holdings during the 2nd quarter valued at approximately $30,823,000. Finally, Employees Retirement System of Texas boosted its position in shares of Lamb Weston Holdings by 22.8% during the 2nd quarter. Employees Retirement System of Texas now owns 322,666 shares of the specialty retailer’s stock valued at $14,210,000 after acquiring an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 79.78% of the company’s stock.

Shares of Lamb Weston Holdings Inc. (NYSE LW) traded down 0.63% during mid-day trading on Monday, reaching $48.82. The company had a trading volume of 34,464 shares. The stock’s 50-day moving average price is $46.08 and its 200 day moving average price is $44.41. The company has a market capitalization of $7.14 billion and a PE ratio of 21.79. Lamb Weston Holdings Inc. has a 1-year low of $28.75 and a 1-year high of $49.94.

Lamb Weston Holdings (NYSE:LW) last posted its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million for the quarter, compared to analyst estimates of $795.61 million. The business’s revenue was up 5.3% on a year-over-year basis. Equities analysts expect that Lamb Weston Holdings Inc. will post $2.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 annualized dividend and a yield of 1.53%. Lamb Weston Holdings’s dividend payout ratio (DPR) is 33.63%.

A number of research analysts have recently commented on LW shares. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Friday. Morgan Stanley reiterated an “equal weight” rating and set a $50.00 target price (up from $46.00) on shares of Lamb Weston Holdings in a research report on Thursday. Jefferies Group LLC reiterated a “buy” rating and set a $58.00 target price (up from $53.00) on shares of Lamb Weston Holdings in a research report on Thursday. Bank of America Corporation increased their target price on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and raised their price target for the stock from $42.00 to $44.00 in a research report on Tuesday, July 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.89.

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Lamb Weston Holdings Company Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Institutional Ownership by Quarter for Lamb Weston Holdings (NYSE:LW)

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