Thrivent Financial for Lutherans Purchases 15,840 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Thrivent Financial for Lutherans increased its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 935,914 shares of the specialty retailer’s stock after purchasing an additional 15,840 shares during the quarter. Thrivent Financial for Lutherans owned 0.66% of Lamb Weston worth $62,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock worth $402,791,000 after purchasing an additional 549,812 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lamb Weston by 0.7% in the third quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock worth $218,598,000 after purchasing an additional 24,097 shares during the last quarter. Southpoint Capital Advisors LP purchased a new stake in Lamb Weston in the third quarter worth approximately $129,480,000. Champlain Investment Partners LLC boosted its stake in shares of Lamb Weston by 31.6% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,951,025 shares of the specialty retailer’s stock worth $126,309,000 after acquiring an additional 468,190 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Lamb Weston during the 3rd quarter worth $86,883,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Insider Buying and Selling at Lamb Weston

In other Lamb Weston news, Director Robert A. Niblock bought 3,000 shares of Lamb Weston stock in a transaction dated Monday, January 13th. The shares were purchased at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the acquisition, the director now directly owns 26,406 shares in the company, valued at approximately $1,609,181.64. This represents a 12.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles A. Blixt bought 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the completion of the acquisition, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. The trade was a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is currently owned by insiders.

Lamb Weston Stock Performance

Shares of NYSE LW opened at $52.69 on Thursday. 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 market cap of $7.52 billion, a P/E ratio of 20.82, a P/E/G ratio of 1.40 and a beta of 0.76. The firm’s fifty day moving average is $56.66 and its two-hundred day moving average is $66.29. Lamb Weston Holdings, Inc. has a 52-week low of $47.90 and a 52-week high of $107.50.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.35). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.45 earnings per share. As a group, analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LW shares. Barclays dropped their price target on shares of Lamb Weston from $87.00 to $69.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. JPMorgan Chase & Co. lifted their price target on shares of Lamb Weston from $68.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Lamb Weston in a research note on Thursday, December 12th. They set a “hold” rating and a $81.00 price target on the stock. Citigroup cut shares of Lamb Weston from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $68.00 in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of Lamb Weston to a “sell” rating in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $76.73.

Lamb Weston Company 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.