KAMES CAPITAL plc raised its holdings in Lamb Weston Holdings Inc. (NYSE:LW) by 2,097.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 423,144 shares of the specialty retailer’s stock after buying an additional 403,892 shares during the quarter. KAMES CAPITAL plc owned about 0.29% of Lamb Weston worth $23,886,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Schroder Investment Management Group bought a new stake in shares of Lamb Weston during the second quarter valued at approximately $106,000. Chicago Partners Investment Group LLC boosted its position in shares of Lamb Weston by 359.7% during the third quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after purchasing an additional 1,881 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Lamb Weston by 81.5% during the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after purchasing an additional 1,389 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of Lamb Weston during the third quarter valued at approximately $146,000. Finally, Huntington National Bank bought a new stake in shares of Lamb Weston during the third quarter valued at approximately $155,000. Hedge funds and other institutional investors own 79.38% of the company’s stock.
In related news, Director Peter J. Bensen acquired 5,000 shares of the stock in a transaction on Monday, January 8th. The stock was acquired at an average price of $58.18 per share, for a total transaction of $290,900.00. Following the completion of the purchase, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.
Shares of Lamb Weston Holdings Inc. (NYSE LW) traded up $0.13 during trading hours on Friday, reaching $58.00. The company’s stock had a trading volume of 1,429,700 shares, compared to its average volume of 1,582,375. The stock has a market capitalization of $8,480.00 and a PE ratio of 26.85. Lamb Weston Holdings Inc. has a 1-year low of $35.81 and a 1-year high of $58.70. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43.
Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $824.60 million during the quarter, compared to analysts’ expectations of $815.29 million. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. sell-side analysts predict that Lamb Weston Holdings Inc. will post 2.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be paid a dividend of $0.1913 per share. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a yield of 1.32%. Lamb Weston’s payout ratio is presently 34.72%.
Several research firms recently weighed in on LW. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Jefferies Group lifted their price target on Lamb Weston to $64.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus lifted their price target on Lamb Weston from $54.00 to $58.00 and gave the company a “hold” rating in a research report on Tuesday, January 2nd. Bank of America lifted their price target on Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $50.00 price target (up from $46.00) on shares of Lamb Weston in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $53.13.
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Lamb Weston 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.
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