Connor Clark & Lunn Investment Management Ltd. increased its position in Lamb Weston Holdings Inc (NYSE:LW) by 32.2% during the first quarter, HoldingsChannel reports. The firm owned 353,250 shares of the specialty retailer’s stock after acquiring an additional 86,075 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Lamb Weston were worth $26,473,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in Lamb Weston by 62.4% in the 4th quarter. Advisors Asset Management Inc. now owns 393 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in Lamb Weston in the 4th quarter worth about $29,000. Sun Life Financial INC bought a new position in Lamb Weston in the 4th quarter worth about $30,000. Guardian Life Insurance Co. of America bought a new position in Lamb Weston in the 4th quarter worth about $30,000. Finally, Timber Creek Capital Management LLC boosted 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 purchasing an additional 310 shares in the last quarter. Institutional investors own 82.78% of the company’s stock.
Shares of NYSE:LW opened at $63.66 on Thursday. Lamb Weston Holdings Inc has a fifty-two week low of $63.02 and a fifty-two week high of $83.86. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.73 and a beta of -0.26.
Lamb Weston (NYSE:LW) last issued its earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.13. Lamb Weston had a negative return on equity of 230.44% and a net margin of 12.47%. The business had revenue of $926.80 million during the quarter, compared to analyst estimates of $898.46 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Lamb Weston’s revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that Lamb Weston Holdings Inc will post 3.2 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 3rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is 30.08%.
A number of equities analysts recently issued reports on LW shares. Jefferies Financial Group set a $85.00 price target on shares of Lamb Weston and gave the stock a “buy” rating in a research note on Friday, January 25th. Daiwa Capital Markets assumed coverage on shares of Lamb Weston in a research note on Wednesday, February 27th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered Lamb Weston from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Consumer Edge assumed coverage on Lamb Weston in a research report on Friday, March 22nd. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus boosted their target price on Lamb Weston from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.40.
Lamb Weston 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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