Thrivent Financial For Lutherans increased its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 6,284.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,858 shares of the specialty retailer’s stock after purchasing an additional 31,359 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Lamb Weston were worth $1,798,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Globeflex Capital L P purchased a new stake in Lamb Weston in the fourth quarter valued at about $106,000. Tower Research Capital LLC TRC raised its stake in Lamb Weston by 844.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock valued at $107,000 after buying an additional 1,688 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Lamb Weston by 359.7% in the third quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after buying an additional 1,881 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in Lamb Weston in the fourth quarter valued at about $151,000. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Lamb Weston in the third quarter valued at about $189,000. Hedge funds and other institutional investors own 80.62% of the company’s stock.
LW stock opened at $55.69 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43. The firm has a market capitalization of $8,111.05, a PE ratio of 25.10, a PEG ratio of 1.87 and a beta of 1.25. Lamb Weston Holdings Inc has a 1-year low of $40.61 and a 1-year high of $60.85.
Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The business had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. Lamb Weston had a negative return on equity of 53.18% and a net margin of 9.85%. The company’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 earnings per share. sell-side analysts anticipate that Lamb Weston Holdings Inc will post 2.46 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd were issued a $0.1913 dividend. The ex-dividend date was Thursday, February 1st. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.37%. Lamb Weston’s dividend payout ratio is currently 35.19%.
A number of equities research analysts have commented on LW shares. Stifel Nicolaus reiterated a “hold” rating and issued a $64.00 price target (up from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Zacks Investment Research cut Lamb Weston from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Jefferies Group increased their price target on Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $58.14.
In other news, Director Peter J. Bensen acquired 5,000 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were acquired at an average cost of $58.18 per share, with a total value of $290,900.00. Following the completion of the acquisition, the director now owns 1,935 shares of the company’s stock, valued at $112,578.30. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.
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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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