Significant Wealth Partners LLC Makes New $214,000 Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Significant Wealth Partners LLC purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,978 shares of the specialty retailer’s stock, valued at approximately $214,000.

Other hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of Lamb Weston by 406.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 934,530 shares of the specialty retailer’s stock valued at $86,407,000 after buying an additional 750,033 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in Lamb Weston by 277.2% during the fourth quarter. Artemis Investment Management LLP now owns 566,553 shares of the specialty retailer’s stock valued at $61,238,000 after purchasing an additional 416,339 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Lamb Weston by 121.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 746,424 shares of the specialty retailer’s stock worth $69,014,000 after purchasing an additional 409,810 shares during the period. California Public Employees Retirement System increased its stake in shares of Lamb Weston by 115.8% in the third quarter. California Public Employees Retirement System now owns 639,798 shares of the specialty retailer’s stock worth $59,156,000 after purchasing an additional 343,351 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Lamb Weston during the 3rd quarter valued at $24,254,000. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Performance

Shares of Lamb Weston stock opened at $82.12 on Tuesday. The company has a 50-day simple moving average of $97.02 and a two-hundred day simple moving average of $98.79. The company has a market capitalization of $11.86 billion, a PE ratio of 10.96, a P/E/G ratio of 1.32 and a beta of 0.72. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Research analysts expect that Lamb Weston Holdings, Inc. will post 5.52 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a dividend yield of 1.75%. Lamb Weston’s payout ratio is 19.23%.

Analyst Ratings Changes

LW has been the subject of several recent analyst reports. Citigroup dropped their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a report on Monday, April 8th. Wells Fargo & Company cut their target price on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Barclays lowered their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Monday, April 8th. Stifel Nicolaus cut their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, April 5th. Finally, StockNews.com downgraded shares of Lamb Weston from a “hold” rating to a “sell” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $117.40.

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.