Teachers Advisors LLC lowered its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 18.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,202,645 shares of the specialty retailer’s stock after selling 270,972 shares during the period. Teachers Advisors LLC owned 0.82% of Lamb Weston Holdings worth $52,964,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of LW. Schroder Investment Management Group purchased a new stake in Lamb Weston Holdings during the 2nd quarter valued at $106,000. First Mercantile Trust Co. purchased a new stake in Lamb Weston Holdings during the 2nd quarter valued at $137,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Lamb Weston Holdings by 165.9% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 3,366 shares of the specialty retailer’s stock valued at $142,000 after purchasing an additional 2,100 shares during the last quarter. IndexIQ Advisors LLC purchased a new stake in Lamb Weston Holdings during the 2nd quarter valued at $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Lamb Weston Holdings during the 1st quarter valued at $170,000. Institutional investors own 79.78% of the company’s stock.
Shares of Lamb Weston Holdings Inc. (NYSE:LW) opened at 46.39 on Friday. The stock has a market capitalization of $6.78 billion and a P/E ratio of 20.90. The firm’s 50-day moving average price is $44.97 and its 200 day moving average price is $43.81. Lamb Weston Holdings Inc. has a 52 week low of $29.62 and a 52 week high of $49.94.
Lamb Weston Holdings (NYSE:LW) last issued its quarterly earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $833.00 million for the quarter, compared to analyst estimates of $810.85 million. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts expect that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders 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 1.62%. The ex-dividend date of this dividend was Wednesday, August 2nd.
Several analysts have commented on the company. Zacks Investment Research downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and set a $46.00 target price (up from $45.00) on shares of Lamb Weston Holdings in a research note on Wednesday, July 26th. Bank of America Corporation increased their target price on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Stifel Nicolaus downgraded Lamb Weston Holdings from a “buy” rating to a “hold” rating and increased their target price for the company from $42.00 to $44.00 in a research note on Tuesday, July 4th. Finally, CL King assumed coverage on Lamb Weston Holdings in a research note on Tuesday, May 23rd. They set a “strong-buy” rating and a $55.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus 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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