Czech National Bank Buys 1,652 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Czech National Bank boosted its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.6% during the 4th quarter, HoldingsChannel reports. The fund owned 30,919 shares of the specialty retailer’s stock after acquiring an additional 1,652 shares during the quarter. Czech National Bank’s holdings in Lamb Weston were worth $2,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LW. State Street Corp lifted its holdings in shares of Lamb Weston by 9.7% in the third quarter. State Street Corp now owns 6,221,665 shares of the specialty retailer’s stock valued at $402,791,000 after purchasing an additional 549,812 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lamb Weston by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 3,388,056 shares of the specialty retailer’s stock valued at $218,598,000 after acquiring an additional 24,097 shares in the last quarter. Clarkston Capital Partners LLC boosted its position in Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock worth $201,207,000 after acquiring an additional 1,618,570 shares during the last quarter. TPG GP A LLC grew its stake in shares of Lamb Weston by 74.4% during the 2nd quarter. TPG GP A LLC now owns 2,924,230 shares of the specialty retailer’s stock worth $245,869,000 after acquiring an additional 1,247,206 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Lamb Weston by 5.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,045,582 shares of the specialty retailer’s stock valued at $171,993,000 after purchasing an additional 114,049 shares during the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Down 0.0 %

LW stock opened at $58.99 on Friday. The business’s 50 day simple moving average is $71.71 and its 200 day simple moving average is $69.66. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $110.61. The firm has a market capitalization of $8.41 billion, a PE ratio of 23.32, a PEG ratio of 1.48 and a beta of 0.73. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.35). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.67 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. Lamb Weston’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 earnings per share. As a group, research analysts anticipate that Lamb Weston Holdings, Inc. will post 3.11 EPS for the current year.

Lamb Weston Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, January 31st. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. Lamb Weston’s payout ratio is currently 56.92%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Jefferies Financial Group raised their price objective on Lamb Weston from $80.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. TD Cowen upped their target price on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Bank of America increased their price target on Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Sanford C. Bernstein started coverage on Lamb Weston in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $85.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Lamb Weston presently has an average rating of “Hold” and a consensus price target of $81.00.

Insider Activity

In other Lamb Weston news, Director Robert A. Niblock acquired 3,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $60.94 per share, for a total transaction of $182,820.00. Following the purchase, the director now directly owns 26,406 shares of the company’s stock, valued at $1,609,181.64. This trade represents a 12.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles A. Blixt bought 1,200 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of $63.25 per share, for a total transaction of $75,900.00. Following the transaction, the director now owns 22,982 shares in the company, valued at approximately $1,453,611.50. This represents a 5.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.72% of the stock is owned by company insiders.

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.