GYL Financial Synergies LLC acquired a new position in shares of Lamb Weston Holdings Inc (NYSE:LW) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 10,759 shares of the specialty retailer’s stock, valued at approximately $806,000.
Other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of Lamb Weston by 62.4% during the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after buying an additional 151 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Lamb Weston during the 4th quarter worth approximately $29,000. Sun Life Financial INC purchased a new position in shares of Lamb Weston during the 4th quarter worth approximately $30,000. Guardian Life Insurance Co. of America purchased a new position in shares of Lamb Weston during the 4th quarter worth approximately $30,000. Finally, Old North State Trust LLC raised its stake in shares of Lamb Weston by 175.2% during the 1st quarter. Old North State Trust LLC now owns 589 shares of the specialty retailer’s stock worth $44,000 after buying an additional 375 shares in the last quarter. 87.18% of the stock is owned by institutional investors.
Several research firms recently weighed in on LW. Daiwa Capital Markets began coverage on Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating for the company. Consumer Edge began coverage on Lamb Weston in a research note on Friday, March 22nd. They issued an “outperform” rating for the company. Bank of America raised Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded Lamb Weston from a “hold” rating to a “sell” rating in a research note on Tuesday, March 19th. Finally, Stifel Nicolaus raised their price objective on Lamb Weston from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Lamb Weston presently has an average rating of “Buy” and an average target price of $79.40.
NYSE LW opened at $61.71 on Friday. Lamb Weston Holdings Inc has a 1-year low of $59.16 and a 1-year high of $83.86. The company has a market capitalization of $8.95 billion, a P/E ratio of 19.56, a PEG ratio of 1.51 and a beta of 0.13.
Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.13. Lamb Weston had a negative return on equity of 230.44% and a net margin of 12.47%. The firm had revenue of $926.80 million during the quarter, compared to the consensus estimate of $898.46 million. During the same period last year, the business posted $0.91 EPS. Lamb Weston’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Lamb Weston Holdings Inc will post 3.2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 3rd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, May 2nd. Lamb Weston’s payout ratio is currently 30.08%.
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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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