Southpoint Capital Advisors LP Takes $129.48 Million Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Southpoint Capital Advisors LP bought a new stake in Lamb Weston Holdings, Inc. (NYSE:LW) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,000,000 shares of the specialty retailer’s stock, valued at approximately $129,480,000. Lamb Weston makes up approximately 3.1% of Southpoint Capital Advisors LP’s investment portfolio, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nicola Wealth Management LTD. acquired a new position in shares of Lamb Weston in the 3rd quarter valued at approximately $6,474,000. Confluence Investment Management LLC bought a new stake in shares of Lamb Weston during the 2nd quarter valued at approximately $7,937,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lamb Weston during the 2nd quarter valued at approximately $3,279,000. Clarkston Capital Partners LLC grew its holdings in shares of Lamb Weston by 108.7% during the 3rd quarter. Clarkston Capital Partners LLC now owns 3,107,929 shares of the specialty retailer’s stock valued at $201,207,000 after purchasing an additional 1,618,570 shares during the last quarter. Finally, Deltec Asset Management LLC grew its holdings in shares of Lamb Weston by 154.5% during the 2nd quarter. Deltec Asset Management LLC now owns 72,540 shares of the specialty retailer’s stock valued at $6,099,000 after purchasing an additional 44,040 shares during the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Trading Up 0.7 %

NYSE:LW opened at $77.24 on Friday. The firm’s fifty day moving average is $74.25 and its 200-day moving average is $73.75. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The firm has a market cap of $11.01 billion, a P/E ratio of 18.13, a P/E/G ratio of 1.37 and a beta of 0.72.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $1.63 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 1st were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.44 annualized dividend and a yield of 1.86%. Lamb Weston’s payout ratio is 33.80%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LW shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price target (up from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. Citigroup lifted their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. TD Cowen boosted their target price on shares of Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, September 24th. Finally, Stifel Nicolaus boosted their target price on shares of Lamb Weston from $65.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $82.22.

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.