Neuburgh Advisers LLC reduced its position in shares of Lamb Weston Holdings (NYSE:LW) by 31.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,278 shares of the specialty retailer’s stock after selling 16,864 shares during the period. Neuburgh Advisers LLC’s holdings in Lamb Weston were worth $2,112,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Ferris Capital LLC acquired a new position in Lamb Weston during the fourth quarter valued at approximately $309,000. Employees Retirement System of Texas boosted its position in Lamb Weston by 49.9% during the fourth quarter. Employees Retirement System of Texas now owns 483,666 shares of the specialty retailer’s stock valued at $27,303,000 after purchasing an additional 161,000 shares during the last quarter. Resources Investment Advisors Inc. boosted its position in Lamb Weston by 6,905.0% during the fourth 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 last quarter. Dimensional Fund Advisors LP boosted its position in Lamb Weston by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 368,656 shares of the specialty retailer’s stock valued at $17,285,000 after purchasing an additional 7,294 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Lamb Weston by 3.4% during the fourth quarter. Sei Investments Co. now owns 156,934 shares of the specialty retailer’s stock valued at $8,859,000 after purchasing an additional 5,154 shares during the last quarter. 82.68% of the stock is owned by institutional investors.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Thursday, January 25th. Jefferies Group restated a “buy” rating and issued a $66.00 price objective on shares of Lamb Weston in a research note on Thursday, April 5th. Morgan Stanley upped their price objective on Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, April 6th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $64.00 price objective (up previously from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.50.
NYSE:LW opened at $67.00 on Friday. The company has a debt-to-equity ratio of -5.98, a quick ratio of 0.63 and a current ratio of 1.72. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 26.54, a price-to-earnings-growth ratio of 2.14 and a beta of 0.67. Lamb Weston Holdings has a 12-month low of $66.81 and a 12-month high of $67.24.
Lamb Weston (NYSE:LW) last released its quarterly earnings data on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $863.40 million for the quarter, compared to analyst estimates of $813.81 million. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. equities research analysts predict that Lamb Weston Holdings will post 2.6 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be paid a dividend of $0.1913 per share. The ex-dividend date is Thursday, May 3rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.14%. Lamb Weston’s dividend payout ratio (DPR) is currently 32.76%.
Lamb Weston Company 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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