Nissay Asset Management Corp Japan ADV lessened its holdings in Lamb Weston Holdings Inc (NYSE:LW) by 34.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,662 shares of the specialty retailer’s stock after selling 9,141 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Lamb Weston were worth $1,129,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in LW. Norges Bank bought a new stake in Lamb Weston in the 4th quarter valued at $120,879,000. BlackRock Inc. increased its holdings in Lamb Weston by 8.0% in the 1st quarter. BlackRock Inc. now owns 15,100,445 shares of the specialty retailer’s stock valued at $862,235,000 after buying an additional 1,123,994 shares during the period. Unigestion Holding SA bought a new stake in shares of Lamb Weston in the 1st quarter worth about $61,194,000. Capital Research Global Investors grew its holdings in shares of Lamb Weston by 8.3% in the 1st quarter. Capital Research Global Investors now owns 11,828,051 shares of the specialty retailer’s stock worth $675,382,000 after purchasing an additional 902,781 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Lamb Weston by 32.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,706,538 shares of the specialty retailer’s stock worth $97,444,000 after purchasing an additional 418,206 shares during the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE LW opened at $60.08 on Friday. The firm’s 50-day simple moving average is $64.89 and its 200 day simple moving average is $69.64. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 7.48 and a beta of 0.82. The company has a quick ratio of 0.84, a current ratio of 2.25 and a debt-to-equity ratio of 12.47. Lamb Weston Holdings Inc has a 12-month low of $39.06 and a 12-month high of $96.32.
Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Tuesday, July 28th. The specialty retailer reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.17). The company had revenue of $846.90 million for the quarter, compared to analyst estimates of $829.33 million. Lamb Weston had a return on equity of 183.08% and a net margin of 9.65%. The firm’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the company earned $0.74 EPS. On average, equities analysts expect that Lamb Weston Holdings Inc will post 2.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.92 annualized dividend and a yield of 1.53%. Lamb Weston’s dividend payout ratio (DPR) is 36.80%.
In other Lamb Weston news, Director Robert A. Niblock bought 2,500 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were bought at an average cost of $59.70 per share, for a total transaction of $149,250.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.82% of the stock is owned by corporate insiders.
LW has been the topic of several analyst reports. Zacks Investment Research lowered shares of Lamb Weston from a “hold” rating to a “sell” rating and set a $70.00 target price on the stock. in a report on Wednesday, July 15th. Barclays reaffirmed a “buy” rating and issued a $60.00 target price on shares of Lamb Weston in a report on Tuesday, May 19th. Finally, TheStreet lowered shares of Lamb Weston from a “b-” rating to a “c+” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $57.40.
Lamb Weston 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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