Guggenheim Capital LLC increased its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 63.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 309,862 shares of the specialty retailer’s stock after purchasing an additional 120,254 shares during the quarter. Guggenheim Capital LLC owned approximately 0.21% of Lamb Weston worth $17,492,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. QS Investors LLC lifted its stake in Lamb Weston by 10.9% during the fourth quarter. QS Investors LLC now owns 10,101 shares of the specialty retailer’s stock worth $570,000 after purchasing an additional 994 shares during the last quarter. Franklin Resources Inc. increased its position in Lamb Weston by 2,783.7% during the fourth quarter. Franklin Resources Inc. now owns 162,928 shares of the specialty retailer’s stock worth $9,197,000 after buying an additional 157,278 shares during the period. Dorsey Wright & Associates acquired a new position in Lamb Weston during the fourth quarter worth approximately $1,868,000. Advisor Group Inc. increased its position in Lamb Weston by 25.6% during the fourth quarter. Advisor Group Inc. now owns 6,749 shares of the specialty retailer’s stock worth $381,000 after buying an additional 1,374 shares during the period. Finally, Two Creeks Capital Management LP increased its position in Lamb Weston by 23.2% during the fourth quarter. Two Creeks Capital Management LP now owns 1,014,086 shares of the specialty retailer’s stock worth $57,245,000 after buying an additional 190,641 shares during the period. Hedge funds and other institutional investors own 80.62% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a research report on Monday, January 22nd. Finally, Jefferies Group lifted their price target on Lamb Weston to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $58.14.
Shares of Lamb Weston stock opened at $55.36 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.53 and a debt-to-equity ratio of -4.43. Lamb Weston Holdings Inc has a 12-month low of $40.61 and a 12-month high of $60.85. The company has a market capitalization of $8,143.22, a price-to-earnings ratio of 25.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25.
Lamb Weston (NYSE:LW) last released its earnings results on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. The firm 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 revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. equities analysts predict that Lamb Weston Holdings Inc will post 2.46 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Shareholders of record on Friday, February 2nd were paid a dividend of $0.1913 per share. 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 annualized dividend and a yield of 1.38%. Lamb Weston’s dividend payout ratio is currently 35.19%.
In other news, Director Peter J. Bensen purchased 5,000 shares of the company’s stock in a transaction on Monday, January 8th. The stock was bought at an average cost of $58.18 per share, for a total transaction of $290,900.00. Following the completion of the purchase, the director now directly owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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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