Captrust Financial Advisors lifted its position in Lamb Weston Holdings Inc (NYSE:LW) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,044 shares of the specialty retailer’s stock after buying an additional 674 shares during the quarter. Captrust Financial Advisors’ holdings in Lamb Weston were worth $224,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Fort L.P. boosted its position in shares of Lamb Weston by 52.5% during the 4th quarter. Fort L.P. now owns 17,824 shares of the specialty retailer’s stock worth $1,311,000 after acquiring an additional 6,135 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in shares of Lamb Weston in the 4th quarter valued at about $411,000. California State Teachers Retirement System boosted its position in shares of Lamb Weston by 2.1% in the 4th quarter. California State Teachers Retirement System now owns 243,961 shares of the specialty retailer’s stock valued at $17,946,000 after purchasing an additional 5,012 shares during the period. Natixis Advisors L.P. boosted its position in shares of Lamb Weston by 1.2% in the 4th quarter. Natixis Advisors L.P. now owns 53,814 shares of the specialty retailer’s stock valued at $3,958,000 after purchasing an additional 629 shares during the period. Finally, Kepos Capital LP boosted its position in shares of Lamb Weston by 20.4% in the 4th quarter. Kepos Capital LP now owns 90,864 shares of the specialty retailer’s stock valued at $6,684,000 after purchasing an additional 15,423 shares during the period. Hedge funds and other institutional investors own 82.12% of the company’s stock.
LW opened at $69.51 on Friday. The company has a market cap of $10.18 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.90 and a beta of -0.19. Lamb Weston Holdings Inc has a 52 week low of $54.04 and a 52 week high of $83.86.
Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.10. The firm had revenue of $911.40 million during the quarter, compared to the consensus estimate of $897.08 million. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. As a group, equities research analysts predict that Lamb Weston Holdings Inc will post 3.05 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 1st were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, January 31st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 1.15%. Lamb Weston’s dividend payout ratio is currently 30.08%.
A number of brokerages recently issued reports on LW. Zacks Investment Research cut Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Daiwa Capital Markets began coverage on Lamb Weston in a research report on Wednesday, February 27th. They issued an “outperform” rating for the company. Jefferies Financial Group set a $85.00 target price on Lamb Weston and gave the company a “buy” rating in a research report on Friday, January 25th. Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Tuesday, January 22nd. Finally, Barclays upped their target price on Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, January 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $77.14.
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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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