Wright Investors Service Inc. bought a new stake in Lamb Weston Holdings Inc. (NYSE:LW) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 7,965 shares of the specialty retailer’s stock, valued at approximately $351,000.
A number of other hedge funds and other institutional investors have also modified their holdings of LW. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Lamb Weston Holdings by 165.9% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock valued at $142,000 after buying an additional 2,100 shares during the last quarter. Transamerica Financial Advisors Inc. increased its position in shares of Lamb Weston Holdings by 0.7% in the first quarter. Transamerica Financial Advisors Inc. now owns 3,845 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 26 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Lamb Weston Holdings during the first quarter valued at approximately $170,000. State of Alaska Department of Revenue acquired a new position in shares of Lamb Weston Holdings during the second quarter valued at approximately $175,000. Finally, Glen Harbor Capital Management LLC increased its position in shares of Lamb Weston Holdings by 6,120.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,976 shares of the specialty retailer’s stock valued at $209,000 after buying an additional 4,896 shares during the last quarter. 77.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Lamb Weston Holdings Inc. (NYSE LW) opened at 44.81 on Friday. The company has a market capitalization of $6.55 billion and a PE ratio of 20.18. The company has a 50-day moving average price of $44.09 and a 200 day moving average price of $42.64. Lamb Weston Holdings Inc. has a one year low of $29.62 and a one year high of $49.94.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $833 million during the quarter, compared to the consensus estimate of $810.85 million. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.29 EPS. Equities analysts anticipate that Lamb Weston Holdings Inc. will post $2.30 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Wednesday, August 2nd.
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LW has been the topic of several research reports. Jefferies Group LLC restated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Lamb Weston Holdings in a report on Friday, May 19th. Berenberg Bank initiated coverage on Lamb Weston Holdings in a report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price target on the stock. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Wednesday, July 12th. Bank of America Corporation boosted their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Morgan Stanley restated an “equal weight” rating and set a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.22.
Lamb Weston Holdings Company Profile
Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.
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