Engineers Gate Manager LP decreased its holdings in shares of Lamb Weston Holdings Inc. (NYSE:LW) by 64.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,435 shares of the specialty retailer’s stock after selling 65,539 shares during the quarter. Engineers Gate Manager LP’s holdings in Lamb Weston Holdings were worth $1,561,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Schroder Investment Management Group acquired a new position in Lamb Weston Holdings in the 2nd quarter worth $106,000. Swiss National Bank lifted its holdings in Lamb Weston Holdings by 0.9% in the 2nd quarter. Swiss National Bank now owns 231,133 shares of the specialty retailer’s stock worth $10,179,000 after buying an additional 2,100 shares in the last quarter. Chicago Equity Partners LLC lifted its holdings in Lamb Weston Holdings by 427.4% in the 2nd quarter. Chicago Equity Partners LLC now owns 67,739 shares of the specialty retailer’s stock worth $2,983,000 after buying an additional 54,895 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Lamb Weston Holdings by 3.1% in the 2nd quarter. Principal Financial Group Inc. now owns 592,462 shares of the specialty retailer’s stock worth $26,092,000 after buying an additional 17,782 shares in the last quarter. Finally, IndexIQ Advisors LLC acquired a new position in Lamb Weston Holdings in the 2nd quarter worth $149,000. Institutional investors and hedge funds own 79.78% of the company’s stock.
Shares of Lamb Weston Holdings Inc. (LW) opened at 45.63 on Tuesday. The company has a market cap of $6.67 billion and a P/E ratio of 20.55. The company’s 50 day moving average is $44.77 and its 200-day moving average is $43.57. Lamb Weston Holdings Inc. has a 12 month low of $28.75 and a 12 month high of $49.94.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $833 million for the quarter, compared to the consensus estimate of $810.85 million. Lamb Weston Holdings’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 earnings per share. Analysts expect that Lamb Weston Holdings Inc. will post $2.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Wednesday, August 2nd.
Several equities research analysts have recently weighed in on LW shares. Berenberg Bank started coverage on shares of Lamb Weston Holdings in a research report on Tuesday, May 16th. They issued a “buy” rating and a $49.00 target price for the company. Zacks Investment Research downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and set a $52.00 target price for the company. in a research report on Tuesday, June 6th. Bank of America Corporation boosted their target price on shares of Lamb Weston Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and boosted their target price for the stock from $42.00 to $44.00 in a research report on Tuesday, July 4th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $46.00 target price (up previously from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Lamb Weston Holdings presently has an average rating of “Buy” and an average price target of $46.22.
Lamb Weston Holdings Company Profile
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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