Commerce Bank lessened its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,539 shares of the specialty retailer’s stock after selling 1,334 shares during the quarter. Commerce Bank’s holdings in Lamb Weston were worth $1,030,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LW. Copper Rock Capital Partners LLC grew its holdings in Lamb Weston by 9,840.0% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 10,946,042 shares of the specialty retailer’s stock valued at $78,298,000 after buying an additional 10,835,921 shares in the last quarter. FMR LLC boosted its holdings in shares of Lamb Weston by 311.9% in the 2nd quarter. FMR LLC now owns 2,571,560 shares of the specialty retailer’s stock worth $164,401,000 after purchasing an additional 1,947,227 shares during the period. London Co. of Virginia boosted its holdings in shares of Lamb Weston by 40.4% in the 2nd quarter. London Co. of Virginia now owns 2,327,408 shares of the specialty retailer’s stock worth $148,791,000 after purchasing an additional 670,128 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Lamb Weston by 115.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 1,189,192 shares of the specialty retailer’s stock worth $76,025,000 after purchasing an additional 638,341 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Lamb Weston by 198.5% in the 2nd quarter. Victory Capital Management Inc. now owns 673,475 shares of the specialty retailer’s stock worth $43,056,000 after purchasing an additional 447,859 shares during the period. Institutional investors and hedge funds own 96.34% of the company’s stock.
Shares of LW stock opened at $73.24 on Thursday. Lamb Weston Holdings, Inc. has a 52-week low of $39.06 and a 52-week high of $96.32. The company has a debt-to-equity ratio of 8.98, a quick ratio of 2.58 and a current ratio of 3.44. The firm has a market capitalization of $10.72 billion, a P/E ratio of 31.71, a P/E/G ratio of 4.12 and a beta of 0.72. The stock has a 50 day moving average price of $70.02 and a 200 day moving average price of $64.84.
Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Monday, October 12th. The specialty retailer reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.31. Lamb Weston had a return on equity of 130.91% and a net margin of 9.24%. The firm had revenue of $871.50 million during the quarter, compared to analyst estimates of $873.60 million. During the same period last year, the company earned $0.79 EPS. Lamb Weston’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Lamb Weston Holdings, Inc. will post 2.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 6th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 5th. Lamb Weston’s dividend payout ratio (DPR) is presently 36.80%.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Lamb Weston from a “sell” rating to a “hold” rating and set a $76.00 target price for the company in a report on Thursday, October 8th. Bank of America lifted their target price on Lamb Weston from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Finally, TheStreet upgraded Lamb Weston from a “c+” rating to a “b” rating in a report on Wednesday, October 7th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $61.33.
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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as various customer labels.
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