TrimTabs Asset Management LLC grew its holdings in shares of Lamb Weston Holdings Inc (NYSE:LW) by 5.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,514 shares of the specialty retailer’s stock after buying an additional 735 shares during the quarter. TrimTabs Asset Management LLC’s holdings in Lamb Weston were worth $1,163,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in Lamb Weston by 62.4% during the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of Lamb Weston during the 4th quarter valued at $29,000. Sun Life Financial INC purchased a new position in Lamb Weston in the 4th quarter worth $30,000. Guardian Life Insurance Co. of America purchased a new position in Lamb Weston in the 4th quarter worth $30,000. Finally, Timber Creek Capital Management LLC raised its stake in Lamb Weston by 143.5% in the 4th quarter. Timber Creek Capital Management LLC now owns 526 shares of the specialty retailer’s stock worth $38,000 after acquiring an additional 310 shares during the last quarter. 83.27% of the stock is currently owned by hedge funds and other institutional investors.
NYSE LW traded down $0.16 during trading hours on Wednesday, hitting $69.50. The company had a trading volume of 1,162 shares, compared to its average volume of 1,870,402. Lamb Weston Holdings Inc has a 1-year low of $63.02 and a 1-year high of $83.86. The company has a market capitalization of $10.19 billion, a PE ratio of 26.19, a P/E/G ratio of 1.80 and a beta of -0.18.
Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.13. Lamb Weston had a net margin of 12.47% and a negative return on equity of 230.44%. The company had revenue of $926.80 million during the quarter, compared to the consensus estimate of $898.46 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Lamb Weston’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Lamb Weston Holdings Inc will post 3.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.80 annualized dividend and a yield of 1.15%. Lamb Weston’s dividend payout ratio is presently 30.08%.
LW has been the subject of a number of recent research reports. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Barclays raised their target price on Lamb Weston from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, January 7th. Jefferies Financial Group set a $85.00 price objective on Lamb Weston and gave the stock a “buy” rating in a report on Friday, January 25th. Stifel Nicolaus upgraded Lamb Weston from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Tuesday, January 22nd. Finally, Daiwa Capital Markets assumed coverage on Lamb Weston in a report on Wednesday, February 27th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Lamb Weston presently has an average rating of “Hold” and an average price target of $78.83.
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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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