GAM Holding AG decreased its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 18.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,021 shares of the specialty retailer’s stock after selling 3,899 shares during the period. GAM Holding AG’s holdings in Lamb Weston were worth $1,134,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. US Bancorp DE raised its holdings in Lamb Weston by 0.6% during the third quarter. US Bancorp DE now owns 141,094 shares of the specialty retailer’s stock worth $9,396,000 after buying an additional 801 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Lamb Weston by 3.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 24,389 shares of the specialty retailer’s stock worth $1,671,000 after acquiring an additional 823 shares in the last quarter. Bollard Group LLC grew its stake in shares of Lamb Weston by 3.4% in the 2nd quarter. Bollard Group LLC now owns 26,193 shares of the specialty retailer’s stock worth $1,794,000 after acquiring an additional 850 shares in the last quarter. Nicola Wealth Management LTD. grew its stake in shares of Lamb Weston by 9.5% in the 3rd quarter. Nicola Wealth Management LTD. now owns 10,333 shares of the specialty retailer’s stock worth $889,000 after acquiring an additional 900 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Lamb Weston by 1.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 57,663 shares of the specialty retailer’s stock worth $3,840,000 after acquiring an additional 907 shares in the last quarter. Hedge funds and other institutional investors own 79.68% of the company’s stock.
Several analysts have recently issued reports on LW shares. Bank of America lowered shares of Lamb Weston from a “buy” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $85.00 in a research note on Thursday, November 15th. Zacks Investment Research lowered shares of Lamb Weston from a “hold” rating to a “sell” rating in a research note on Monday, August 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 target price on shares of Lamb Weston in a research note on Tuesday, October 2nd. ValuEngine lowered shares of Lamb Weston from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Finally, Stifel Nicolaus upped their target price on shares of Lamb Weston from $68.00 to $74.00 and gave the stock a “hold” rating in a research note on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $74.50.
NYSE LW opened at $73.45 on Friday. Lamb Weston Holdings Inc has a 1 year low of $52.92 and a 1 year high of $83.86. The firm has a market capitalization of $10.86 billion, a PE ratio of 27.61, a PEG ratio of 2.10 and a beta of -0.56.
Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Tuesday, October 2nd. The specialty retailer reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $914.90 million during the quarter, compared to analyst estimates of $879.68 million. Lamb Weston had a net margin of 12.52% and a negative return on equity of 110.81%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, research analysts expect that Lamb Weston Holdings Inc will post 2.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 2nd were given a dividend of $0.191 per share. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $0.76 annualized dividend and a yield of 1.04%. Lamb Weston’s payout ratio is currently 28.57%.
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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