Teacher Retirement System of Texas Reduces Position in Lamb Weston Holdings Inc (LW)

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Teacher Retirement System of Texas reduced its position in shares of Lamb Weston Holdings Inc (NYSE:LW) by 24.2% during the 1st quarter, HoldingsChannel reports. The fund owned 17,990 shares of the specialty retailer’s stock after selling 5,739 shares during the quarter. Teacher Retirement System of Texas’ holdings in Lamb Weston were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LW. Vanguard Group Inc increased its position in Lamb Weston by 2.1% in the third quarter. Vanguard Group Inc now owns 13,940,423 shares of the specialty retailer’s stock worth $928,433,000 after buying an additional 286,945 shares during the period. Millennium Management LLC increased its holdings in shares of Lamb Weston by 372.0% during the fourth quarter. Millennium Management LLC now owns 2,900,859 shares of the specialty retailer’s stock valued at $213,387,000 after purchasing an additional 2,286,275 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Lamb Weston by 4,768.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,807,491 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 2,749,828 shares during the period. Geode Capital Management LLC increased its holdings in shares of Lamb Weston by 57.9% during the fourth quarter. Geode Capital Management LLC now owns 2,152,534 shares of the specialty retailer’s stock valued at $158,094,000 after purchasing an additional 789,356 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in shares of Lamb Weston by 91.0% during the fourth quarter. Two Sigma Advisers LP now owns 1,556,715 shares of the specialty retailer’s stock valued at $114,512,000 after purchasing an additional 741,800 shares during the period. 83.22% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered Lamb Weston from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Jefferies Financial Group set a $85.00 price target on Lamb Weston and gave the company a “buy” rating in a report on Friday, January 25th. Consumer Edge assumed coverage on Lamb Weston in a report on Friday, March 22nd. They set an “outperform” rating on the stock. Stifel Nicolaus raised their price target on Lamb Weston from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Finally, Daiwa Capital Markets assumed coverage on Lamb Weston in a report on Wednesday, February 27th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Lamb Weston presently has an average rating of “Hold” and a consensus price target of $78.83.

Shares of LW traded up $0.06 during trading hours on Tuesday, reaching $67.60. 9,651 shares of the company’s stock traded hands, compared to its average volume of 1,706,124. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 1.79 and a beta of -0.26. Lamb Weston Holdings Inc has a twelve month low of $63.02 and a twelve month high of $83.86.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, April 2nd. The specialty retailer reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.13. Lamb Weston had a negative return on equity of 230.44% and a net margin of 12.47%. The business had revenue of $926.80 million during the quarter, compared to analysts’ expectations of $898.46 million. During the same quarter last year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, research analysts expect that Lamb Weston Holdings Inc will post 3.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.80 annualized dividend and a yield of 1.18%. Lamb Weston’s dividend payout ratio is currently 30.08%.

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Lamb Weston Profile

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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