RWC Asset Management LLP purchased a new position in Lamb Weston Holdings Inc (NYSE:LW) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 203,239 shares of the specialty retailer’s stock, valued at approximately $14,950,000. RWC Asset Management LLP owned about 0.14% of Lamb Weston as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of Lamb Weston by 62.4% in the fourth quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 151 shares during the last quarter. Sun Life Financial INC acquired a new position in shares of Lamb Weston in the fourth quarter worth $30,000. Guardian Life Insurance Co. of America acquired a new position in shares of Lamb Weston in the fourth quarter worth $30,000. Timber Creek Capital Management LLC raised its holdings in shares of Lamb Weston by 143.5% in the fourth quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 310 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Lamb Weston by 1,178.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 639 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 589 shares during the last quarter. 82.03% of the stock is owned by institutional investors.
Lamb Weston stock opened at $69.71 on Wednesday. The firm has a market capitalization of $10.21 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 1.91 and a beta of -0.19. Lamb Weston Holdings Inc has a 52 week low of $54.04 and a 52 week high of $83.86.
Lamb Weston (NYSE:LW) last released its earnings results on Friday, January 4th. The specialty retailer reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The firm had revenue of $911.40 million during the quarter, compared to analyst estimates of $897.08 million. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. Equities analysts predict that Lamb Weston Holdings Inc will post 3.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 1st were paid a $0.20 dividend. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, January 31st. Lamb Weston’s dividend payout ratio is presently 30.08%.
LW has been the subject of a number of analyst reports. Jefferies Financial Group set a $85.00 price target on Lamb Weston and gave the stock a “buy” rating in a report on Friday, January 4th. Barclays upped their target price on Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, January 7th. Stifel Nicolaus upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Tuesday, January 22nd. Daiwa Capital Markets started coverage on Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating for the company. Finally, Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $77.14.
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Lamb Weston Company Profile
Lamb Weston Holdings, Inc produces, distributes, 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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