XTX Topco Ltd Takes $465,000 Position in Lamb Weston $LW

XTX Topco Ltd purchased a new position in shares of Lamb Weston (NYSE:LW) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,972 shares of the specialty retailer’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in Lamb Weston by 49.2% in the first 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. grew its holdings in shares of Lamb Weston by 25.7% during the 1st quarter. Invesco Ltd. now owns 4,055,902 shares of the specialty retailer’s stock worth $216,180,000 after purchasing an additional 829,207 shares during the period. Clarkston Capital Partners LLC increased its position in shares of Lamb Weston by 21.1% during the first 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 last quarter. 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 purchasing an additional 670,611 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 stock opened at $59.74 on Friday. The stock’s 50-day moving average is $61.26 and its two-hundred day moving average is $56.76. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.77 and a current ratio of 1.49. Lamb Weston has a 1 year low of $47.87 and a 1 year high of $83.98. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 4.01 and a beta of 0.44.

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

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, October 31st were given a $0.37 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.5%. Lamb Weston’s dividend payout ratio is 70.81%.

Analysts Set New Price Targets

LW has been the subject of several research reports. Bank of America lifted their target price on Lamb Weston from $60.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, October 1st. Cowen reiterated a “hold” rating on shares of Lamb Weston in a research note on Wednesday, October 1st. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Zacks Research raised Lamb Weston from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. Finally, BNP Paribas Exane upped their price target on Lamb Weston from $64.00 to $66.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lamb Weston has an average rating of “Hold” and a consensus target price of $65.70.

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.