The Lamb Weston Holdings Inc (LW) Position Reduced by LS Investment Advisors LLC

The Lamb Weston Holdings Inc (LW) Position Reduced by LS Investment Advisors LLC

A number of other large investors also recently bought and sold shares of LW. State Street Corp bought a new stake in Lamb Weston Holdings during the fourth quarter valued at $182,802,000. Southpoint Capital Advisors LP bought a new stake in Lamb Weston Holdings during the fourth quarter valued at $96,007,000. Discovery Capital Management LLC CT bought a new stake in Lamb Weston Holdings during the fourth quarter valued at $86,515,000. Gates Capital Management Inc. bought a new stake in Lamb Weston Holdings during the fourth quarter valued at $65,430,000. Finally, Numeric Investors LLC bought a new stake in Lamb Weston Holdings during the fourth quarter valued at $62,929,000. Hedge funds and other institutional investors own 6.40% of the company’s stock.

LS Investment Advisors LLC reduced its stake in shares of Lamb Weston Holdings Inc (NYSE:LW) by 1.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 9,378 shares of the specialty retailer’s stock after selling 141 shares during the period. LS Investment Advisors LLC’s holdings in Lamb Weston Holdings were worth $394,000 as of its most recent filing with the SEC.

Lamb Weston Holdings Inc (LW) opened at 47.38 on Monday. The company has a market cap of $6.92 billion and a price-to-earnings ratio of 23.35. Lamb Weston Holdings Inc has a 1-year low of $28.75 and a 1-year high of $47.99. The company’s 50-day moving average is $43.33 and its 200 day moving average is $39.44.

Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The firm had revenue of $768.50 million during the quarter, compared to analyst estimates of $759.74 million. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Lamb Weston Holdings Inc will post $2.30 EPS for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Sunday, April 30th were paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Wednesday, April 26th.

Lamb Weston Holdings (NYSE:LW) last released its quarterly earnings data on Thursday, April 6th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.05. The firm had revenue of $768.50 million during the quarter, compared to analyst estimates of $759.74 million. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Lamb Weston Holdings Inc will post $2.30 EPS for the current fiscal year. Several brokerages have recently commented on LW. Zacks Investment Research cut shares of Lamb Weston Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 15th. Berenberg Bank began coverage on shares of Lamb Weston Holdings in a research report on Tuesday, May 16th. They set a “buy” rating and a $49.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 price target on shares of Lamb Weston Holdings in a research report on Tuesday, April 18th. Stifel Nicolaus cut shares of Lamb Weston Holdings from a “buy” rating to a “hold” rating and lifted their price target for the stock from $42.00 to $44.00 in a research report on Friday, April 7th. Finally, Goldman Sachs Group Inc began coverage on shares of Lamb Weston Holdings in a research report on Wednesday, February 8th. They set a “neutral” rating and a $38.00 price target for the company. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.44.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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