Lamb Weston Holdings, Inc. (NYSE:LW) Stock Holdings Lifted by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,364 shares of the specialty retailer’s stock after purchasing an additional 28,508 shares during the period. Janus Henderson Group PLC owned 0.25% of Lamb Weston worth $23,482,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC bought a new position in Lamb Weston during the fourth quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lamb Weston during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. bought a new position in shares of Lamb Weston during the 4th quarter valued at $47,000. Advantage Trust Co bought a new position in shares of Lamb Weston during the 4th quarter valued at $53,000. Finally, Allworth Financial LP lifted its stake in shares of Lamb Weston by 16.1% in the 4th quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer’s stock valued at $74,000 after purchasing an additional 170 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LW has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Lamb Weston from $72.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $57.00 target price on shares of Lamb Weston in a research report on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the stock a “hold” rating in a research note on Thursday, April 24th. Finally, Barclays lowered their target price on shares of Lamb Weston from $69.00 to $61.00 and set an “overweight” rating on the stock in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and an average price target of $69.91.

Lamb Weston Stock Up 0.4%

Shares of LW opened at $51.63 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a 50-day simple moving average of $52.99 and a 200-day simple moving average of $61.87. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51. The firm has a market capitalization of $7.29 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $0.87 by $0.23. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is presently 58.04%.

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.