Vanguard Personalized Indexing Management LLC Reduces Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Vanguard Personalized Indexing Management LLC reduced its holdings in Lamb Weston Holdings, Inc. (NYSE:LWFree Report) by 34.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,275 shares of the specialty retailer’s stock after selling 5,932 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Lamb Weston were worth $1,219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. VisionPoint Advisory Group LLC grew its holdings in Lamb Weston by 113.4% in 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 in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Lamb Weston in the fourth quarter valued at about $51,000. Benjamin F. Edwards & Company Inc. increased its position in Lamb Weston by 864.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 482 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 432 shares during the last quarter. Desjardins Global Asset Management Inc. raised its stake in Lamb Weston by 537.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 956 shares during the period. Finally, ZRC Wealth Management LLC purchased a new position in Lamb Weston during the fourth quarter worth about $129,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LW has been the subject of a number of recent analyst reports. BNP Paribas assumed coverage on shares of Lamb Weston in a report on Monday, March 11th. They set an “outperform” rating and a $128.00 price target for the company. Citigroup cut their target price on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Barclays decreased their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating on the stock in a research note on Monday, April 8th. Stifel Nicolaus cut their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, Bank of America decreased their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and an average target price of $117.40.

Get Our Latest Stock Analysis on LW

Lamb Weston Trading Down 0.2 %

LW opened at $86.77 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a market cap of $12.53 billion, a P/E ratio of 11.58, a PEG ratio of 1.41 and a beta of 0.79. The business’s 50-day simple moving average is $90.38 and its 200-day simple moving average is $98.17.

Lamb Weston (NYSE:LWGet Free Report) last announced its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). The company 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 business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. As a group, equities research analysts expect that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.66%. Lamb Weston’s dividend payout ratio (DPR) is presently 19.23%.

About Lamb Weston

(Free Report)

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.

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Institutional Ownership by Quarter for Lamb Weston (NYSE:LW)

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