BI Asset Management Fondsmaeglerselskab A S Makes New Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,603 shares of the specialty retailer's stock, valued at approximately $1,310,000.

Several other hedge funds and other institutional investors have also modified their holdings of LW. Capital Research Global Investors acquired a new position in Lamb Weston in the fourth quarter valued at approximately $423,270,000. Norges Bank bought a new position in Lamb Weston during the 4th quarter worth $96,736,000. Continental Grain Co. acquired a new stake in Lamb Weston in the fourth quarter worth $63,786,000. Boston Partners lifted its stake in Lamb Weston by 26.8% in the fourth quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock valued at $232,330,000 after buying an additional 735,901 shares during the last quarter. Finally, Liberty One Investment Management LLC boosted its holdings in shares of Lamb Weston by 697.4% during the fourth quarter. Liberty One Investment Management LLC now owns 350,268 shares of the specialty retailer's stock valued at $23,408,000 after acquiring an additional 306,343 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Up 1.8 %

LW stock opened at $52.46 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The firm has a market cap of $7.40 billion, a PE ratio of 20.74, a P/E/G ratio of 1.40 and a beta of 0.48. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51. The firm has a 50 day simple moving average of $53.66 and a 200 day simple moving average of $64.40.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $1.20 EPS. The company's revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Lamb Weston from $68.00 to $63.00 and set a "hold" rating on the stock in a research report on Friday, April 4th. StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research report on Tuesday. Wells Fargo & Company lowered their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, Jefferies Financial Group lowered their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $71.27.

Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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