Lamb Weston $LW Position Raised by Legal & General Group Plc

Legal & General Group Plc boosted its position in Lamb Weston (NYSE:LW) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 273,597 shares of the specialty retailer’s stock after purchasing an additional 17,391 shares during the period. Legal & General Group Plc’s holdings in Lamb Weston were worth $14,186,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Lamb Weston by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer’s stock worth $909,987,000 after buying an additional 426,045 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Lamb Weston by 49.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock worth $239,877,000 after acquiring an additional 1,483,559 shares in the last quarter. Invesco Ltd. raised its position in Lamb Weston by 25.7% in the first quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock worth $216,180,000 after acquiring an additional 829,207 shares in the last quarter. Clarkston Capital Partners LLC lifted its holdings in Lamb Weston by 21.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer’s stock valued at $198,359,000 after acquiring an additional 648,855 shares during the last quarter. Finally, Gates Capital Management Inc. boosted its position in shares of Lamb Weston by 49.8% during the 1st quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after purchasing an additional 670,611 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Down 0.7%

NYSE:LW opened at $59.22 on Friday. The business’s fifty day moving average price is $60.81 and its 200 day moving average price is $56.59. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.92 and a beta of 0.51. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98.

Lamb Weston (NYSE:LW) last released 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 for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. On average, sell-side analysts forecast that Lamb Weston will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LW. Cfra Research upgraded shares of Lamb Weston to a “hold” rating in a report on Thursday, October 2nd. Sanford C. Bernstein set a $65.00 price target on shares of Lamb Weston and gave the stock a “market perform” rating in a research report on Wednesday, October 1st. Cowen reiterated a “hold” rating on shares of Lamb Weston in a research report on Wednesday, October 1st. Weiss Ratings lowered Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. Finally, BNP Paribas Exane boosted their target price on Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.70.

About Lamb Weston

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.