NJ State Employees Deferred Compensation Plan continued to hold its position in shares of Lamb Weston Holdings Inc. (NYSE:LW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,333 shares of the specialty retailer’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Lamb Weston Holdings were worth $367,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its position in shares of Lamb Weston Holdings by 6,120.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,976 shares of the specialty retailer’s stock worth $209,000 after buying an additional 4,896 shares during the last quarter. Global Thematic Partners LLC acquired a new position in shares of Lamb Weston Holdings during the first quarter worth about $242,000. Boys Arnold & Co. Inc. acquired a new position in shares of Lamb Weston Holdings during the first quarter worth about $392,000. Bollard Group LLC raised its stake in Lamb Weston Holdings by 6.4% in the first quarter. Bollard Group LLC now owns 25,088 shares of the specialty retailer’s stock valued at $1,055,000 after buying an additional 1,508 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Lamb Weston Holdings during the first quarter valued at about $249,000. 77.05% of the stock is currently owned by institutional investors.
Shares of Lamb Weston Holdings Inc. (NYSE:LW) traded down 0.22% on Friday, reaching $45.27. The company had a trading volume of 756,030 shares. The firm has a market capitalization of $6.62 billion and a PE ratio of 20.39. The company’s 50-day moving average is $44.11 and its 200 day moving average is $42.94. Lamb Weston Holdings Inc. has a 12 month low of $29.62 and a 12 month high of $49.94.
Lamb Weston Holdings (NYSE:LW) last posted its earnings results on Tuesday, July 25th. The specialty retailer reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $833 million for the quarter, compared to the consensus estimate of $810.85 million. Lamb Weston Holdings’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS. Equities analysts forecast that Lamb Weston Holdings Inc. will post $2.30 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.75 annualized dividend and a dividend yield of 1.66%.
Several equities research analysts recently issued reports on LW shares. Jefferies Group LLC reissued a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Lamb Weston Holdings in a research report on Friday, May 19th. Berenberg Bank started coverage on Lamb Weston Holdings in a research report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price target on the stock. Zacks Investment Research raised Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Friday, May 26th. Bank of America Corporation upped their price target on Lamb Weston Holdings from $46.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $46.00 price target (up from $45.00) on shares of Lamb Weston Holdings in a research report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Lamb Weston Holdings has an average rating of “Buy” and a consensus target price 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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