BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Lamb Weston Holdings Inc (NYSE:LW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 36,888 shares of the specialty retailer’s stock, valued at approximately $2,713,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. increased its position in Lamb Weston by 62.4% during the fourth quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after buying an additional 151 shares in the last quarter. Sun Life Financial INC purchased a new position in Lamb Weston during the fourth quarter worth $30,000. Guardian Life Insurance Co. of America purchased a new position in Lamb Weston during the fourth quarter worth $30,000. Timber Creek Capital Management LLC increased its position in Lamb Weston by 143.5% during the fourth quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after buying an additional 310 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Lamb Weston by 4,768.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock worth $38,000 after buying an additional 2,749,828 shares in the last quarter. 82.12% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently commented on LW shares. Stifel Nicolaus raised Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Tuesday, January 22nd. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the company a “buy” rating in a research report on Wednesday, January 16th. Daiwa Capital Markets started coverage on Lamb Weston in a research report on Wednesday, February 27th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Barclays lifted their price objective 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 research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $77.14.
Shares of NYSE:LW opened at $69.51 on Friday. The firm has a market capitalization of $10.18 billion, a PE ratio of 26.13, a price-to-earnings-growth 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 announced its quarterly earnings data on Friday, January 4th. The specialty retailer reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.10. Lamb Weston had a negative return on equity of 160.25% and a net margin of 13.13%. The business had revenue of $911.40 million during the quarter, compared to the consensus estimate of $897.08 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts expect that Lamb Weston Holdings Inc will post 3.05 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, January 31st. This represents a $0.80 dividend on an annualized basis and a yield of 1.15%. This is a boost from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s dividend payout ratio (DPR) is presently 30.08%.
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Lamb Weston Company Profile
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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