Pittenger & Anderson Inc. increased its stake in Lamb Weston Holdings (NYSE:LW) by 54.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,828 shares of the specialty retailer’s stock after buying an additional 3,121 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Lamb Weston were worth $514,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stevens Capital Management LP acquired a new stake in shares of Lamb Weston in the 1st quarter valued at approximately $813,000. Thrivent Financial for Lutherans boosted its holdings in shares of Lamb Weston by 4.0% in the 1st quarter. Thrivent Financial for Lutherans now owns 33,133 shares of the specialty retailer’s stock valued at $1,929,000 after buying an additional 1,275 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Lamb Weston by 24.3% in the 1st quarter. Aperio Group LLC now owns 116,771 shares of the specialty retailer’s stock valued at $6,798,000 after buying an additional 22,817 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of Lamb Weston in the 1st quarter valued at approximately $221,000. Finally, Montag A & Associates Inc. boosted its holdings in shares of Lamb Weston by 53.0% in the 1st quarter. Montag A & Associates Inc. now owns 31,050 shares of the specialty retailer’s stock valued at $1,808,000 after buying an additional 10,750 shares during the last quarter. 82.68% of the stock is owned by institutional investors.
Shares of Lamb Weston opened at $67.62 on Tuesday, Marketbeat reports. Lamb Weston Holdings has a 1 year low of $67.60 and a 1 year high of $68.41. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.67. The company has a debt-to-equity ratio of -5.98, a current ratio of 1.72 and a quick ratio of 0.63.
Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 5th. The specialty retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Lamb Weston had a negative return on equity of 69.53% and a net margin of 11.75%. The business had revenue of $863.40 million during the quarter, compared to the consensus estimate of $813.81 million. During the same quarter last year, the firm posted $0.59 EPS. The company’s quarterly revenue was up 12.3% on a year-over-year basis. sell-side analysts forecast that Lamb Weston Holdings will post 2.6 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be issued a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Thursday, May 3rd. Lamb Weston’s dividend payout ratio is 32.76%.
Several equities research analysts have issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $66.00 price target on shares of Lamb Weston in a report on Thursday, April 5th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Thursday, March 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a report on Monday, January 22nd. Finally, Morgan Stanley raised their price target on Lamb Weston from $61.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, April 6th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Lamb Weston has a consensus rating of “Buy” and an average price target of $59.71.
Lamb Weston Company Profile
Lamb Weston Holdings, Inc produces 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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