Lamb Weston Holdings Inc (NYSE:LW) Short Interest Update

Lamb Weston Holdings Inc (NYSE:LW) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 10,290,000 shares, a growth of 7.4% from the June 30th total of 9,578,700 shares. Currently, 7.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,640,000 shares, the short-interest ratio is presently 6.3 days.

NYSE LW traded up $0.91 on Friday, hitting $68.81. The stock had a trading volume of 761,814 shares, compared to its average volume of 1,650,985. The business’s fifty day moving average price is $65.81 and its 200 day moving average price is $67.35. Lamb Weston has a 52-week low of $58.83 and a 52-week high of $83.86. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 21.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.19.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, July 23rd. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Lamb Weston had a net margin of 12.48% and a negative return on equity of 402.03%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $972.49 million. During the same period in the previous year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, analysts predict that Lamb Weston will post 3.45 EPS for the current fiscal year.



The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, August 1st. Lamb Weston’s dividend payout ratio is currently 24.84%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eaton Vance Management grew its stake in shares of Lamb Weston by 7.0% in the 2nd quarter. Eaton Vance Management now owns 131,754 shares of the specialty retailer’s stock valued at $8,348,000 after buying an additional 8,595 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in shares of Lamb Weston by 26.8% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 500,864 shares of the specialty retailer’s stock valued at $31,734,000 after buying an additional 105,736 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Lamb Weston by 18.6% in the second quarter. California Public Employees Retirement System now owns 1,062,095 shares of the specialty retailer’s stock valued at $67,294,000 after buying an additional 166,728 shares during the last quarter. Voloridge Investment Management LLC raised its position in shares of Lamb Weston by 8.7% in the second quarter. Voloridge Investment Management LLC now owns 86,317 shares of the specialty retailer’s stock valued at $5,469,000 after buying an additional 6,925 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC raised its position in shares of Lamb Weston by 15.6% in the second quarter. Worldquant Millennium Advisors LLC now owns 142,260 shares of the specialty retailer’s stock valued at $9,014,000 after buying an additional 19,202 shares during the last quarter. 89.95% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently commented on LW shares. Zacks Investment Research raised shares of Lamb Weston from a “strong sell” rating to a “hold” rating and set a $55.00 price objective for the company in a research note on Friday, July 26th. Bank of America raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, May 7th. They noted that the move was a valuation call. Goldman Sachs Group raised shares of Lamb Weston from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Wednesday, June 19th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Lamb Weston in a report on Monday, June 17th. They issued a “neutral” rating and a $65.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Lamb Weston has a consensus rating of “Buy” and a consensus target price of $75.71.

Lamb Weston Company 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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