Xact Kapitalforvaltning AB raised its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 51.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 16,825 shares of the specialty retailer’s stock after buying an additional 5,700 shares during the period. Xact Kapitalforvaltning AB’s holdings in Lamb Weston were worth $980,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LW. Newbrook Capital Advisors LP purchased a new position in shares of Lamb Weston during the 4th quarter valued at about $129,718,000. Wells Fargo & Company MN raised its stake in shares of Lamb Weston by 68.2% during the 1st quarter. Wells Fargo & Company MN now owns 3,692,522 shares of the specialty retailer’s stock valued at $214,979,000 after buying an additional 1,496,815 shares during the last quarter. Park West Asset Management LLC raised its stake in shares of Lamb Weston by 312.6% during the 1st quarter. Park West Asset Management LLC now owns 618,900 shares of the specialty retailer’s stock valued at $36,032,000 after buying an additional 468,900 shares during the last quarter. Millennium Management LLC raised its stake in shares of Lamb Weston by 167.8% during the 4th quarter. Millennium Management LLC now owns 728,370 shares of the specialty retailer’s stock valued at $41,116,000 after buying an additional 456,354 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Lamb Weston by 51.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,312,100 shares of the specialty retailer’s stock valued at $74,068,000 after buying an additional 443,700 shares during the last quarter. Institutional investors and hedge funds own 79.51% of the company’s stock.
NYSE:LW opened at $68.51 on Friday. Lamb Weston Holdings Inc has a 52 week low of $42.58 and a 52 week high of $69.55. 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 stock has a market cap of $10.05 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.86 and a beta of 0.57.
Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, April 5th. The specialty retailer reported $0.91 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $863.40 million for the quarter, compared to analysts’ expectations of $813.81 million. During the same period last year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. analysts expect that Lamb Weston Holdings Inc will post 2.62 EPS for the current fiscal year.
LW has been the topic of a number of analyst reports. ValuEngine upgraded Lamb Weston from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Bank of America raised their target price on Lamb Weston from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, June 19th. Jefferies Financial Group restated a “buy” rating and set a $71.00 target price on shares of Lamb Weston in a research report on Wednesday, June 6th. Zacks Investment Research upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Thursday, March 29th. Finally, Morgan Stanley raised their target price on Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, April 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $64.67.
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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