Virtu Financial LLC acquired a new position in shares of Lamb Weston Holdings Inc (NYSE:LW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,767 shares of the specialty retailer’s stock, valued at approximately $269,000.
Other large investors have also recently bought and sold shares of the company. Bodenholm Capital AB lifted its holdings in Lamb Weston by 6.8% during the 3rd quarter. Bodenholm Capital AB now owns 936,000 shares of the specialty retailer’s stock worth $43,602,000 after buying an additional 60,000 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Lamb Weston by 5.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,979,304 shares of the specialty retailer’s stock worth $92,810,000 after buying an additional 100,388 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in Lamb Weston by 2,176.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 458,095 shares of the specialty retailer’s stock worth $21,480,000 after buying an additional 437,971 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lamb Weston by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 368,656 shares of the specialty retailer’s stock worth $17,285,000 after buying an additional 7,294 shares in the last quarter. Finally, Resources Investment Advisors Inc. lifted its stake in shares of 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 valued at $1,582,000 after purchasing an additional 27,620 shares during the period. 80.64% of the stock is currently owned by hedge funds and other institutional investors.
Lamb Weston Holdings Inc (NYSE LW) opened at $55.66 on Friday. The company has a debt-to-equity ratio of -4.43, a current ratio of 1.55 and a quick ratio of 0.53. The firm has a market capitalization of $8,132.98, a price-to-earnings ratio of 25.17, a PEG ratio of 1.88 and a beta of 1.25. Lamb Weston Holdings Inc has a 12 month low of $40.61 and a 12 month high of $60.85.
Lamb Weston (NYSE:LW) last posted 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. The company had revenue of $824.60 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.63 EPS. sell-side analysts forecast that Lamb Weston Holdings Inc will post 2.46 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd were paid a $0.1913 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.37%. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio is 35.19%.
In other news, Director Peter J. Bensen acquired 5,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 1,935 shares in the company, valued at $112,578.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.26% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus reissued 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. 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 given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.14.
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Lamb Weston 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.
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