Amica Pension Fund Board of Trustees held its stake in Lamb Weston Holdings Inc (NYSE:LW) during the first quarter, Holdings Channel reports. The firm owned 6,544 shares of the specialty retailer’s stock at the end of the first quarter. Amica Pension Fund Board of Trustees’ holdings in Lamb Weston Holdings were worth $275,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of LW. Ancora Advisors LLC bought a new stake in Lamb Weston Holdings during the fourth quarter worth $178,000. Glen Harbor Capital Management LLC increased 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. Keybank National Association OH purchased a new position in shares of Lamb Weston Holdings during the fourth quarter worth approximately $201,000. Bessemer Group Inc. purchased a new position in shares of Lamb Weston Holdings during the fourth quarter worth approximately $202,000. Finally, Cigna Investments Inc. New purchased a new position in shares of Lamb Weston Holdings during the fourth quarter worth approximately $206,000. 6.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lamb Weston Holdings Inc (NYSE:LW) traded up 0.75% during trading on Friday, hitting $41.57. 595,167 shares of the company were exchanged. The company’s 50-day moving average price is $42.30 and its 200 day moving average price is $38.65. Lamb Weston Holdings Inc has a 12 month low of $29.62 and a 12 month high of $43.48. The stock has a market cap of $6.07 billion and a P/E ratio of 20.49.
Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings results on Thursday, April 6th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The firm had revenue of $768.50 million for the quarter, compared to analysts’ expectations of $759.74 million. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts predict that Lamb Weston Holdings Inc will post $2.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Sunday, April 30th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.80%. The ex-dividend date is Wednesday, April 26th.
A number of equities analysts recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 target price on shares of Lamb Weston Holdings in a research note on Tuesday, April 18th. Zacks Investment Research upgraded shares of Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, April 7th. Stifel Nicolaus downgraded shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and boosted their target price for the stock from $42.00 to $44.00 in a research note on Friday, April 7th. Finally, Goldman Sachs Group Inc assumed coverage on shares of Lamb Weston Holdings in a research note on Wednesday, February 8th. They set a “neutral” rating and a $38.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $40.14.
About Lamb Weston Holdings
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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