Los Angeles Capital Management LLC Buys Shares of 27,437 Lamb Weston $LW

Los Angeles Capital Management LLC purchased a new position in Lamb Weston (NYSE:LW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,437 shares of the specialty retailer’s stock, valued at approximately $1,423,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AE Wealth Management LLC grew its position in Lamb Weston by 14.0% in the 2nd quarter. AE Wealth Management LLC now owns 4,798 shares of the specialty retailer’s stock valued at $249,000 after acquiring an additional 588 shares during the last quarter. Fox Run Management L.L.C. lifted its position in shares of Lamb Weston by 51.7% during the second quarter. Fox Run Management L.L.C. now owns 12,670 shares of the specialty retailer’s stock worth $657,000 after purchasing an additional 4,318 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Lamb Weston by 519.9% during the second quarter. First Horizon Advisors Inc. now owns 843 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 707 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Lamb Weston by 29.4% in the second quarter. Bank of New York Mellon Corp now owns 912,668 shares of the specialty retailer’s stock worth $47,322,000 after purchasing an additional 207,210 shares during the last quarter. Finally, Strs Ohio increased its stake in Lamb Weston by 1.6% in the 2nd quarter. Strs Ohio now owns 203,256 shares of the specialty retailer’s stock worth $10,539,000 after buying an additional 3,256 shares during the period. 89.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, October 1st. Cfra Research raised shares of Lamb Weston to a “hold” rating in a research note on Thursday, October 2nd. Sanford C. Bernstein set a $65.00 price target on Lamb Weston and gave the company a “market perform” rating in a report on Wednesday, October 1st. BNP Paribas Exane increased their price objective on Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. Finally, Barclays lifted their target price on Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $65.70.

Lamb Weston Price Performance

NYSE LW opened at $58.52 on Thursday. The company has a market cap of $8.16 billion, a PE ratio of 28.00, a P/E/G ratio of 3.99 and a beta of 0.51. The firm’s 50 day moving average price is $60.59 and its 200-day moving average price is $56.08. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.77 and a current ratio of 1.49. Lamb Weston has a 52-week low of $47.87 and a 52-week high of $83.98.

Lamb Weston (NYSE:LW) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. The company had revenue of $1.15 billion during the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. Sell-side analysts forecast that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.5%. Lamb Weston’s dividend payout ratio (DPR) is presently 70.81%.

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.