IFP Advisors Inc lowered its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 51.2% in the fourth quarter, Holdings Channel reports. The fund owned 1,110 shares of the specialty retailer’s stock after selling 1,163 shares during the period. IFP Advisors Inc’s holdings in Lamb Weston were worth $82,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new position in Lamb Weston in the fourth quarter valued at about $1,169,000. Bank of Montreal Can grew its stake in Lamb Weston by 325.3% in the fourth quarter. Bank of Montreal Can now owns 70,987 shares of the specialty retailer’s stock valued at $5,222,000 after acquiring an additional 54,297 shares during the period. Meeder Asset Management Inc. grew its stake in Lamb Weston by 90.2% in the fourth quarter. Meeder Asset Management Inc. now owns 15,733 shares of the specialty retailer’s stock valued at $1,158,000 after acquiring an additional 7,462 shares during the period. Navellier & Associates Inc acquired a new position in Lamb Weston in the fourth quarter valued at about $2,128,000. Finally, TrimTabs Asset Management LLC acquired a new position in Lamb Weston in the fourth quarter valued at about $1,087,000. Institutional investors own 81.38% of the company’s stock.
LW has been the subject of a number of research analyst reports. ValuEngine raised Lamb Weston from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research raised Lamb Weston from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research note on Wednesday, October 24th. CL King cut Lamb Weston from a “buy” rating to a “neutral” rating in a research note on Thursday, October 25th. Bank of America cut Lamb Weston from a “buy” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $85.00 in a research note on Thursday, November 15th. Finally, Jefferies Financial Group set a $85.00 target price on Lamb Weston and gave the company a “buy” rating in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Lamb Weston currently has an average rating of “Hold” and an average target price of $77.14.
Shares of Lamb Weston stock opened at $70.39 on Tuesday. The stock has a market capitalization of $10.35 billion, a PE ratio of 26.46, a PEG ratio of 1.93 and a beta of -0.14. Lamb Weston Holdings Inc has a one year low of $53.29 and a one year high of $83.86.
Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, January 4th. The specialty retailer reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.10. The company had revenue of $911.40 million for the quarter, compared to analyst estimates of $897.08 million. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. On average, sell-side analysts anticipate that Lamb Weston Holdings Inc will post 3.05 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.14%. This is a positive change from Lamb Weston’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, January 31st. Lamb Weston’s payout ratio is 30.08%.
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About Lamb Weston
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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