Southpoint Capital Advisors LP Makes New $129.48 Million Investment in Lamb Weston Holdings, Inc. (NYSE:LW)

Southpoint Capital Advisors LP acquired a new position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000,000 shares of the specialty retailer’s stock, valued at approximately $129,480,000. Lamb Weston comprises about 3.1% of Southpoint Capital Advisors LP’s holdings, making the stock its 13th biggest holding. Southpoint Capital Advisors LP owned approximately 1.40% of Lamb Weston as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Nicola Wealth Management LTD. bought a new stake in Lamb Weston during the third quarter worth about $6,474,000. Confluence Investment Management LLC bought a new stake in shares of Lamb Weston during the second quarter valued at approximately $7,937,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lamb Weston during the second quarter valued at approximately $3,279,000. Clarkston Capital Partners LLC grew its stake in shares of Lamb Weston by 108.7% during the third 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 stake in shares of Lamb Weston by 154.5% during the second 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 owned by institutional investors.

Lamb Weston Stock Up 0.7 %

Lamb Weston stock opened at $77.24 on Friday. The company has a market cap of $11.01 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a fifty day simple moving average of $74.25 and a 200 day simple moving average of $73.75. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87.

Lamb Weston (NYSE:LW) last announced its earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.72 by $0.01. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.55 billion. Lamb Weston had a net margin of 9.57% and a return on equity of 34.33%. Lamb Weston’s revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.63 EPS. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on LW shares. Barclays increased their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Citigroup increased their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen increased their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Wells Fargo & Company increased their price objective on shares of Lamb Weston from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, October 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.22.

About Lamb Weston

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.