First Trust Direct Indexing L.P. Reduces Position in Lamb Weston Holdings, Inc. (NYSE:LW)

First Trust Direct Indexing L.P. cut its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,755 shares of the specialty retailer’s stock after selling 174 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Lamb Weston were worth $298,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. VisionPoint Advisory Group LLC raised its position in shares of Lamb Weston by 113.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 161 shares during the period. Headlands Technologies LLC acquired a new position in shares of Lamb Weston in the fourth quarter valued at approximately $51,000. Covestor Ltd lifted its holdings in Lamb Weston by 300.6% during the 3rd quarter. Covestor Ltd now owns 1,294 shares of the specialty retailer’s stock worth $120,000 after buying an additional 971 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its position in Lamb Weston by 537.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 956 shares during the period. Finally, ZRC Wealth Management LLC acquired a new position in shares of Lamb Weston in the fourth quarter worth $129,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

LW has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Wells Fargo & Company cut their price target on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, April 5th. Citigroup dropped their price objective on Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a report on Monday, April 8th. BNP Paribas initiated coverage on Lamb Weston in a research note on Monday, March 11th. They set an “outperform” rating and a $128.00 price target on the stock. Finally, Barclays lowered their target price on shares of Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.40.

Lamb Weston Price Performance

Shares of LW opened at $85.10 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The stock’s 50 day moving average is $93.00 and its two-hundred day moving average is $98.44. Lamb Weston Holdings, Inc. has a twelve month low of $77.41 and a twelve month high of $117.38. The firm has a market capitalization of $12.29 billion, a PE ratio of 11.36, a P/E/G ratio of 1.38 and a beta of 0.79.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 earnings per share. Research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, May 2nd. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

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.