Daiwa Securities Group Inc. Has $1.39 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Daiwa Securities Group Inc. lifted its holdings in Lamb Weston Holdings, Inc. (NYSE:LW) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,884 shares of the specialty retailer’s stock after acquiring an additional 743 shares during the period. Daiwa Securities Group Inc.’s holdings in Lamb Weston were worth $1,393,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. grew its stake in shares of Lamb Weston by 2.3% in the third quarter. Invesco Ltd. now owns 3,417,548 shares of the specialty retailer’s stock valued at $315,986,000 after acquiring an additional 77,937 shares in the last quarter. Northern Trust Corp grew its stake in shares of Lamb Weston by 6.7% in the third quarter. Northern Trust Corp now owns 1,473,873 shares of the specialty retailer’s stock valued at $136,274,000 after acquiring an additional 93,127 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Lamb Weston by 15.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,466,175 shares of the specialty retailer’s stock valued at $135,563,000 after acquiring an additional 197,094 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lamb Weston by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 1,188,941 shares of the specialty retailer’s stock valued at $109,930,000 after acquiring an additional 25,252 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Lamb Weston by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,145,465 shares of the specialty retailer’s stock valued at $105,910,000 after acquiring an additional 14,527 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LW shares. Barclays decreased their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Wells Fargo & Company reduced their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Citigroup reduced their price objective on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research note on Monday, April 8th. Finally, Bank of America reduced their price objective on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Lamb Weston has a consensus rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Stock Up 2.0 %

LW stock opened at $83.73 on Wednesday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 1.32 and a beta of 0.72. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38. The firm has a 50-day moving average price of $96.62 and a 200-day moving average price of $98.72.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.43 EPS. As a group, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be issued a $0.36 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

About Lamb Weston

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.