Comerica Securities Inc. cut its holdings in shares of Lamb Weston Holdings (NYSE:LW) by 27.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,449 shares of the specialty retailer’s stock after selling 19,266 shares during the quarter. Comerica Securities Inc.’s holdings in Lamb Weston were worth $2,995,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Ferris Capital LLC purchased a new stake in shares of Lamb Weston during the 4th quarter valued at $309,000. Employees Retirement System of Texas increased its holdings in Lamb Weston by 49.9% in the 4th quarter. Employees Retirement System of Texas now owns 483,666 shares of the specialty retailer’s stock worth $27,303,000 after acquiring an additional 161,000 shares during the last quarter. Resources Investment Advisors Inc. increased its holdings in Lamb Weston by 6,905.0% in the 4th quarter. Resources Investment Advisors Inc. now owns 28,020 shares of the specialty retailer’s stock worth $1,582,000 after acquiring an additional 27,620 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Lamb Weston by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 368,656 shares of the specialty retailer’s stock worth $17,285,000 after acquiring an additional 7,294 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in Lamb Weston by 3.4% in the 4th quarter. Sei Investments Co. now owns 156,934 shares of the specialty retailer’s stock worth $8,859,000 after acquiring an additional 5,154 shares during the last quarter. 82.68% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on LW. Morgan Stanley lifted their price objective on Lamb Weston from $61.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, April 6th. Jefferies Group reissued a “buy” rating and issued a $66.00 price objective on shares of Lamb Weston in a report on Thursday, April 5th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Thursday, March 29th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $64.00 target price (up previously from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Two 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 company’s stock. Lamb Weston has an average rating of “Buy” and an average price target of $61.50.
Shares of NYSE LW opened at $67.00 on Friday. Lamb Weston Holdings has a 52 week low of $66.81 and a 52 week high of $67.24. The company has a quick ratio of 0.63, a current ratio of 1.72 and a debt-to-equity ratio of -5.98. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 26.54, a P/E/G ratio of 2.14 and a beta of 0.67.
Lamb Weston (NYSE:LW) last issued its earnings results on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The business had revenue of $863.40 million during the quarter, compared to the consensus estimate of $813.81 million. During the same quarter last year, the company earned $0.59 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. equities analysts forecast that Lamb Weston Holdings will post 2.6 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be paid a $0.1913 dividend. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a $0.77 annualized dividend and a yield of 1.14%. Lamb Weston’s dividend payout ratio is currently 32.76%.
Lamb Weston Profile
Lamb Weston Holdings, Inc produces and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.
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