AQR Capital Management LLC Raises Position in Lamb Weston Holdings, Inc. (NYSE:LW)

AQR Capital Management LLC raised its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 281.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,321 shares of the specialty retailer’s stock after acquiring an additional 27,547 shares during the quarter. AQR Capital Management LLC’s holdings in Lamb Weston were worth $3,113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LW. Sei Investments Co. raised its holdings in shares of Lamb Weston by 20.0% during the first quarter. Sei Investments Co. now owns 207,710 shares of the specialty retailer’s stock valued at $22,128,000 after purchasing an additional 34,553 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Lamb Weston by 66.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,643 shares of the specialty retailer’s stock worth $4,028,000 after acquiring an additional 15,364 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Lamb Weston during the first quarter worth $810,000. Confluence Investment Management LLC bought a new position in shares of Lamb Weston during the second quarter worth $7,937,000. Finally, EntryPoint Capital LLC bought a new position in Lamb Weston during the first quarter valued at $28,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.6 %

NYSE:LW opened at $69.23 on Tuesday. Lamb Weston Holdings, Inc. has a 1 year low of $52.99 and a 1 year high of $111.88. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 6.18 and a beta of 0.75. The business has a fifty day moving average of $62.63 and a 200-day moving average of $76.67. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.59 and a current ratio of 1.29.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business posted $1.63 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts predict that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Friday, November 1st. Lamb Weston’s dividend payout ratio is 19.23%.

Analyst Ratings Changes

LW has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on shares of Lamb Weston from $132.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company raised their target price on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Barclays raised their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday. TD Cowen raised their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Finally, Citigroup raised their price target on shares of Lamb Weston from $75.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.67.

Insider Activity

In other Lamb Weston news, Director William G. Jurgensen bought 10,000 shares of the stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $55.43 per share, with a total value of $554,300.00. Following the acquisition, the director now directly owns 173,377 shares of the company’s stock, valued at $9,610,287.11. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.66% of the stock is currently owned by insiders.

Lamb Weston Company 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.