Redmont Wealth Advisors LLC Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Redmont Wealth Advisors LLC bought a new position in Lamb Weston Holdings, Inc. (NYSE:LW) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 300 shares of the specialty retailer’s stock, valued at approximately $32,000.

Other large investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp raised its position in Lamb Weston by 248.6% in the 1st quarter. WFA Asset Management Corp now owns 244 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 174 shares during the period. VisionPoint Advisory Group LLC raised its position in Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 161 shares during the period. TFO Wealth Partners LLC raised its position in Lamb Weston by 8,040.0% in the 4th quarter. TFO Wealth Partners LLC now owns 407 shares of the specialty retailer’s stock worth $432,000 after purchasing an additional 402 shares during the period. Vima LLC purchased a new position in Lamb Weston in the 4th quarter worth $50,000. Finally, Headlands Technologies LLC purchased a new position in Lamb Weston in the 4th quarter worth $51,000. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 0.0 %

NYSE:LW traded down $0.02 during mid-day trading on Wednesday, hitting $82.72. 857,895 shares of the company’s stock were exchanged, compared to its average volume of 2,121,815. Lamb Weston Holdings, Inc. has a one year low of $77.41 and a one year high of $117.38. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.52. The business has a fifty day moving average price of $85.44 and a 200 day moving average price of $95.30. The company has a market cap of $11.94 billion, a PE ratio of 11.04, a P/E/G ratio of 1.38 and a beta of 0.74.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $1.43 EPS. The company’s revenue was up 16.3% on a year-over-year basis. Equities analysts predict that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LW shares. Citigroup decreased their target price on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. BNP Paribas assumed coverage on shares of Lamb Weston in a research report on Monday, March 11th. They issued an “outperform” rating and a $128.00 price objective on the stock. Stifel Nicolaus decreased their price objective on shares of Lamb Weston from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Finally, Barclays decreased their price objective 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 analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Lamb Weston currently has an average rating of “Moderate Buy” and an average price target of $117.40.

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.