Transamerica Financial Advisors Inc. boosted its stake in Lamb Weston Holdings Inc (NYSE:LW) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,845 shares of the specialty retailer’s stock after buying an additional 26 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Lamb Weston Holdings were worth $162,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $19,544,000. BP PLC bought a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $681,000. Wesbanco Bank Inc. bought a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $330,000. Main Street Research LLC bought a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $2,678,000. Finally, Aberdeen Asset Management PLC UK bought a new position in Lamb Weston Holdings during the fourth quarter valued at approximately $379,000. Hedge funds and other institutional investors own 6.40% of the company’s stock.
Shares of Lamb Weston Holdings Inc (NYSE:LW) traded up 1.00% during midday trading on Friday, reaching $44.38. 740,241 shares of the company were exchanged. The stock has a 50-day moving average price of $42.41 and a 200 day moving average price of $38.99. The company has a market capitalization of $6.48 billion and a P/E ratio of 21.87. Lamb Weston Holdings Inc has a 52-week low of $28.75 and a 52-week high of $44.84.
Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $768.50 million for the quarter, compared to analyst estimates of $759.74 million. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts expect that Lamb Weston Holdings Inc will post $2.30 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Sunday, April 30th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Wednesday, April 26th.
Several equities analysts have recently commented on LW shares. Zacks Investment Research upgraded shares of Lamb Weston Holdings from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Wednesday, February 1st. Goldman Sachs Group Inc started coverage on shares of Lamb Weston Holdings in a report on Wednesday, February 8th. They set a “neutral” rating and a $38.00 price target on the stock. Jefferies Group LLC boosted their price target on shares of Lamb Weston Holdings from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday, March 6th. Stifel Nicolaus cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and boosted their price target for the company from $42.00 to $44.00 in a report on Friday, April 7th. Finally, Berenberg Bank started coverage on shares of Lamb Weston Holdings in a report on Tuesday. They set a “buy” rating and a $49.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $41.63.
About Lamb Weston Holdings
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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