Los Angeles Capital Management & Equity Research Inc. lessened its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 15.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,396 shares of the specialty retailer’s stock after selling 16,443 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.06% of Lamb Weston Holdings worth $4,379,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Lamb Weston Holdings by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 12,089,698 shares of the specialty retailer’s stock valued at $532,430,000 after buying an additional 279,578 shares in the last quarter. BlackRock Inc. boosted its stake in Lamb Weston Holdings by 2.2% in the 2nd quarter. BlackRock Inc. now owns 11,872,986 shares of the specialty retailer’s stock valued at $522,887,000 after buying an additional 260,164 shares in the last quarter. State Street Corp boosted its stake in Lamb Weston Holdings by 2.7% in the 2nd quarter. State Street Corp now owns 3,922,298 shares of the specialty retailer’s stock valued at $172,731,000 after buying an additional 103,358 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Lamb Weston Holdings by 33,787.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,676,101 shares of the specialty retailer’s stock valued at $117,856,000 after buying an additional 2,668,204 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Lamb Weston Holdings by 30.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,878,916 shares of the specialty retailer’s stock valued at $82,750,000 after buying an additional 437,021 shares in the last quarter. 79.88% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. Zacks Investment Research lowered Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Bank of America Corporation boosted their price objective on Lamb Weston Holdings from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Jefferies Group LLC reissued a “buy” rating and issued a $58.00 price objective (up previously from $53.00) on shares of Lamb Weston Holdings in a research note on Thursday, October 5th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Lamb Weston Holdings in a research note on Thursday, October 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $50.63.
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Shares of Lamb Weston Holdings Inc. (NYSE LW) opened at $53.69 on Tuesday. The company has a market capitalization of $7,780.00 and a PE ratio of 23.14. The company has a quick ratio of 0.67, a current ratio of 1.62 and a debt-to-equity ratio of -4.10. Lamb Weston Holdings Inc. has a fifty-two week low of $30.43 and a fifty-two week high of $54.03.
Lamb Weston Holdings (NYSE:LW) last posted its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The firm had revenue of $817.50 million during the quarter, compared to analysts’ expectations of $795.61 million. The firm’s revenue was up 5.3% on a year-over-year basis. equities analysts expect that Lamb Weston Holdings Inc. will post 2.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 3rd will be paid a $0.1875 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.75 dividend on an annualized basis and a yield of 1.40%. Lamb Weston Holdings’s payout ratio is 33.48%.
About Lamb Weston Holdings
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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