Invesco Ltd. boosted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,226,695 shares of the specialty retailer's stock after purchasing an additional 187,058 shares during the period. Invesco Ltd. owned about 2.26% of Lamb Weston worth $215,640,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in Lamb Weston during the fourth quarter worth $2,641,000. Atria Wealth Solutions Inc. bought a new stake in shares of Lamb Weston in the 4th quarter valued at about $2,850,000. Leeward Investments LLC MA lifted its stake in Lamb Weston by 41.5% in the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after purchasing an additional 45,904 shares during the last quarter. HB Wealth Management LLC lifted its stake in Lamb Weston by 6.5% in the 4th quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock valued at $892,000 after purchasing an additional 817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Lamb Weston by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,229,600 shares of the specialty retailer's stock worth $82,174,000 after purchasing an additional 16,092 shares during the period. 89.56% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Jefferies Financial Group reduced their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus cut their price objective on shares of Lamb Weston from $68.00 to $63.00 and set a "hold" rating for the company in a research report on Friday, April 4th. Citigroup downgraded Lamb Weston from a "buy" rating to a "neutral" rating and decreased their target price for the company from $90.00 to $68.00 in a research report on Friday, December 20th. Finally, StockNews.com raised Lamb Weston to a "sell" rating in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $71.27.
Check Out Our Latest Stock Analysis on Lamb Weston
Lamb Weston Price Performance
LW stock traded down $1.37 during mid-day trading on Tuesday, hitting $54.61. The stock had a trading volume of 1,439,438 shares, compared to its average volume of 2,691,964. The firm has a fifty day simple moving average of $54.27 and a 200 day simple moving average of $64.95. The firm has a market capitalization of $7.71 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.40 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51.
Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the firm posted $1.20 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.
Lamb Weston Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.
Lamb Weston Company Profile
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Free Report)
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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