Proficio Capital Partners LLC bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 28,908 shares of the specialty retailer's stock, valued at approximately $1,932,000.
A number of other hedge funds have also made changes to their positions in the stock. Alberta Investment Management Corp acquired a new stake in Lamb Weston during the fourth quarter valued at approximately $2,641,000. Atria Wealth Solutions Inc. bought a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $2,850,000. Leeward Investments LLC MA raised its position in shares of Lamb Weston by 41.5% during the 4th quarter. Leeward Investments LLC MA now owns 156,473 shares of the specialty retailer's stock valued at $10,457,000 after acquiring an additional 45,904 shares in the last quarter. HB Wealth Management LLC lifted its stake in Lamb Weston by 6.5% during the fourth quarter. HB Wealth Management LLC now owns 13,343 shares of the specialty retailer's stock worth $892,000 after purchasing an additional 817 shares during the last quarter. Finally, Nicola Wealth Management LTD. bought a new stake in Lamb Weston during the third quarter valued at $6,474,000. Institutional investors and hedge funds own 89.56% of the company's stock.
LW stock opened at $51.69 on Friday. The company has a market capitalization of $7.37 billion, a P/E ratio of 20.43, a PEG ratio of 1.40 and a beta of 0.76. The company has a quick ratio of 0.53, a current ratio of 1.35 and a debt-to-equity ratio of 2.26. The company has a 50-day simple moving average of $58.98 and a 200 day simple moving average of $66.90. Lamb Weston Holdings, Inc. has a fifty-two week low of $49.28 and a fifty-two week high of $107.50.
Lamb Weston (NYSE:LW - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the business earned $1.45 earnings per share. The company's revenue was down 7.5% on a year-over-year basis. Sell-side analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, January 31st were issued a $0.37 dividend. This is a positive change from Lamb Weston's previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.86%. Lamb Weston's dividend payout ratio is 58.50%.
A number of research analysts have recently issued reports on LW shares. StockNews.com upgraded shares of Lamb Weston to a "sell" rating in a research report on Monday, February 24th. Sanford C. Bernstein assumed coverage on Lamb Weston in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $85.00 target price for the company. Stifel Nicolaus lowered their target price on Lamb Weston from $80.00 to $68.00 and set a "hold" rating for the company in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Lamb Weston in a report on Thursday, December 12th. They issued a "hold" rating and a $81.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Lamb Weston from $68.00 to $78.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $81.00.
View Our Latest Stock Report on Lamb Weston
In related news, Director Charles A. Blixt acquired 1,200 shares of Lamb Weston stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $63.25 per share, with a total value of $75,900.00. Following the purchase, the director now directly owns 22,982 shares in the company, valued at $1,453,611.50. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert A. Niblock bought 3,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were bought at an average cost of $60.94 per share, for a total transaction of $182,820.00. Following the completion of the transaction, the director now directly owns 26,406 shares of the company's stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.72% of the company's stock.
Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.
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