AXQ Capital LP Sells 10,585 Shares of Lamb Weston $LW

AXQ Capital LP lessened its stake in Lamb Weston (NYSE:LW) by 67.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,141 shares of the specialty retailer’s stock after selling 10,585 shares during the quarter. AXQ Capital LP’s holdings in Lamb Weston were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LW. Vanguard Group Inc. increased its position in Lamb Weston by 2.6% in the first quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer’s stock worth $909,987,000 after buying an additional 426,045 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Lamb Weston by 49.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock worth $239,877,000 after acquiring an additional 1,483,559 shares during the period. Invesco Ltd. increased its holdings in Lamb Weston by 25.7% in the 1st quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock worth $216,180,000 after acquiring an additional 829,207 shares during the last quarter. Clarkston Capital Partners LLC raised its stake in Lamb Weston by 21.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 3,721,559 shares of the specialty retailer’s stock valued at $198,359,000 after acquiring an additional 648,855 shares during the period. Finally, Gates Capital Management Inc. lifted its holdings in Lamb Weston by 49.8% during the first quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after purchasing an additional 670,611 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the subject of several recent research reports. Bank of America lifted their target price on shares of Lamb Weston from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 price objective on shares of Lamb Weston and gave the company a “market perform” rating in a research note on Wednesday, October 1st. Cfra Research raised shares of Lamb Weston to a “hold” rating in a report on Thursday, October 2nd. Wells Fargo & Company increased their target price on Lamb Weston from $66.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus set a $66.00 price target on Lamb Weston in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.70.

Lamb Weston Price Performance

LW stock opened at $56.56 on Tuesday. The firm has a 50 day simple moving average of $60.57 and a two-hundred day simple moving average of $56.39. The stock has a market cap of $7.88 billion, a PE ratio of 27.06, a P/E/G ratio of 3.83 and a beta of 0.51. Lamb Weston has a one year low of $47.87 and a one year high of $83.98. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 EPS for the quarter. The firm had revenue of $1.15 billion for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%. On average, analysts predict that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 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 2.6%. The ex-dividend date is Friday, October 31st. Lamb Weston’s dividend payout ratio is currently 70.81%.

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.