Clifford Swan Investment Counsel LLC boosted its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,836 shares of the specialty retailer’s stock after purchasing an additional 2,666 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in Lamb Weston were worth $668,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in Lamb Weston by 844.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock valued at $107,000 after purchasing an additional 1,688 shares during the period. Chicago Partners Investment Group LLC grew its holdings in 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 during the period. Robeco Institutional Asset Management B.V. acquired a new position in Lamb Weston during the fourth quarter valued at approximately $151,000. Advisory Services Network LLC grew its holdings in 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 during the period. Finally, Massey Quick Simon & CO. LLC acquired a new position in Lamb Weston during the third quarter valued at approximately $146,000. Hedge funds and other institutional investors own 80.27% of the company’s stock.
Lamb Weston Holdings Inc (NYSE LW) opened at $55.58 on Monday. 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 Holdings Inc has a one year low of $39.07 and a one year high of $60.85. The firm has a market cap of $8,127.13, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.87 and a beta of 0.43.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The firm had revenue of $824.60 million for the quarter, compared to analyst estimates of $815.29 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. equities research analysts expect that Lamb Weston Holdings Inc will post 2.46 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd will be paid a $0.1913 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a yield of 1.38%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s payout ratio is presently 35.19%.
A number of research analysts have weighed in on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Zacks Investment Research raised shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday, January 25th. Bank of America lifted their price target on shares of Lamb Weston from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, Jefferies Group lifted their price target on shares of Lamb Weston to $64.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $58.14.
In other Lamb Weston 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 price of $58.18 per share, with a total value of $290,900.00. Following the completion of the transaction, the director now directly owns 1,935 shares in the company, valued at approximately $112,578.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company’s stock.
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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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