Anson Funds Management LP Purchases Shares of 89,759 Lamb Weston $LW

Anson Funds Management LP purchased a new stake in Lamb Weston (NYSE:LW) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 89,759 shares of the specialty retailer’s stock, valued at approximately $4,784,000. Lamb Weston accounts for about 0.7% of Anson Funds Management LP’s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Lamb Weston by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 17,072,932 shares of the specialty retailer’s stock valued at $909,987,000 after purchasing an additional 426,045 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Lamb Weston by 49.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,500,503 shares of the specialty retailer’s stock valued at $239,877,000 after buying 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 valued at $216,180,000 after buying an additional 829,207 shares during the period. Clarkston Capital Partners LLC increased its holdings 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 buying an additional 648,855 shares during the period. Finally, Gates Capital Management Inc. increased its holdings in Lamb Weston by 49.8% in the 1st quarter. Gates Capital Management Inc. now owns 2,016,142 shares of the specialty retailer’s stock valued at $107,460,000 after buying an additional 670,611 shares during the period. 89.56% of the stock is owned by institutional investors.

Lamb Weston Trading Down 2.2%

LW stock opened at $55.89 on Thursday. The company has a market cap of $7.79 billion, a P/E ratio of 22.27, a PEG ratio of 2.35 and a beta of 0.49. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business has a fifty day moving average of $54.46 and a 200-day moving average of $53.59.

Lamb Weston (NYSE:LW) last released its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.23. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The firm’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 1st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 1st. Lamb Weston’s dividend payout ratio (DPR) is currently 58.96%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays boosted their price target on shares of Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Wells Fargo & Company lifted their price objective on Lamb Weston from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. started coverage on Lamb Weston in a report on Wednesday, August 20th. They set a “neutral” rating and a $57.00 price objective for the company. Finally, Bank of America cut their price objective on Lamb Weston from $60.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, June 18th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Lamb Weston has an average rating of “Hold” and a consensus target price of $65.30.

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.