Transcend Capital Advisors LLC Takes $485,000 Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Transcend Capital Advisors LLC purchased a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,491 shares of the specialty retailer’s stock, valued at approximately $485,000.

A number of other large investors have also bought and sold shares of the stock. Private Trust Co. NA increased its position in shares of Lamb Weston by 17.6% in the third quarter. Private Trust Co. NA now owns 1,084 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 162 shares during the period. Czech National Bank increased its holdings in Lamb Weston by 47.7% during the 3rd quarter. Czech National Bank now owns 25,482 shares of the specialty retailer’s stock valued at $2,356,000 after purchasing an additional 8,234 shares during the period. Asset Management One Co. Ltd. raised its position in Lamb Weston by 19.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 72,830 shares of the specialty retailer’s stock valued at $6,734,000 after purchasing an additional 11,861 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Lamb Weston by 19.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 20,766 shares of the specialty retailer’s stock worth $1,920,000 after buying an additional 3,322 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Lamb Weston by 13.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 26,800 shares of the specialty retailer’s stock worth $2,478,000 after buying an additional 3,100 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Shares of LW opened at $84.67 on Tuesday. Lamb Weston Holdings, Inc. has a 52 week low of $77.41 and a 52 week high of $117.38. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.81. The stock has a market cap of $12.23 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.37 and a beta of 0.72. The business’s 50 day moving average price is $95.18 and its 200-day moving average price is $98.52.

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

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors 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 1.70%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

Analysts Set New Price Targets

A number of brokerages recently commented on LW. StockNews.com lowered Lamb Weston from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. Barclays decreased their price target on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research note on Monday, April 8th. Stifel Nicolaus reduced their target price on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Bank of America decreased their target price on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.40.

Lamb Weston Profile

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.