Russell Investments Group Ltd. cut its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 33.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,672 shares of the specialty retailer’s stock after selling 20,799 shares during the period. Russell Investments Group Ltd.’s holdings in Lamb Weston were worth $2,368,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. First Allied Advisory Services Inc. raised its stake in shares of Lamb Weston by 16.8% during the first quarter. First Allied Advisory Services Inc. now owns 5,327 shares of the specialty retailer’s stock valued at $315,000 after acquiring an additional 765 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Lamb Weston by 300.3% during the first quarter. Hsbc Holdings PLC now owns 115,044 shares of the specialty retailer’s stock valued at $6,698,000 after acquiring an additional 86,307 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Lamb Weston during the first quarter valued at about $3,304,000. Schroder Investment Management Group raised its stake in shares of Lamb Weston by 6,254.2% during the first quarter. Schroder Investment Management Group now owns 152,500 shares of the specialty retailer’s stock valued at $8,878,000 after acquiring an additional 150,100 shares during the last quarter. Finally, Stevens First Principles Investment Advisors raised its stake in shares of Lamb Weston by 3,620.9% during the first quarter. Stevens First Principles Investment Advisors now owns 1,600 shares of the specialty retailer’s stock valued at $176,000 after acquiring an additional 1,557 shares during the last quarter. 79.52% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE LW opened at $69.88 on Friday. Lamb Weston Holdings Inc has a 1 year low of $42.58 and a 1 year high of $69.93. 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 $10.00 billion, a P/E ratio of 30.12, a P/E/G ratio of 1.85 and a beta of 0.53.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results 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. Lamb Weston had a net margin of 11.75% and a negative return on equity of 69.53%. The company had revenue of $863.40 million for the quarter, compared to analysts’ expectations of $813.81 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. Lamb Weston’s quarterly revenue was up 12.3% on a year-over-year basis. equities analysts predict that Lamb Weston Holdings Inc will post 2.62 EPS for the current fiscal year.
Several equities analysts have recently commented on LW shares. Zacks Investment Research downgraded shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Jefferies Financial Group reiterated a “buy” rating and set a $66.00 price target on shares of Lamb Weston in a research report on Thursday, April 5th. Morgan Stanley boosted their price target on shares of Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, April 6th. Vertical Research initiated coverage on shares of Lamb Weston in a research report on Monday, May 21st. They set a “sell” rating on the stock. Finally, Vertical Group initiated coverage on shares of Lamb Weston in a research report on Tuesday, May 22nd. They set a “sell” rating and a $56.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.83.
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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