Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,053 shares of the specialty retailer’s stock after selling 797 shares during the quarter. Retirement Systems of Alabama’s holdings in Lamb Weston were worth $2,010,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LW. City State Bank raised its position in shares of Lamb Weston by 56.2% in the 3rd quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of Lamb Weston by 0.8% in the third quarter. Kornitzer Capital Management Inc. KS now owns 18,756 shares of the specialty retailer’s stock worth $1,214,000 after buying an additional 156 shares during the last quarter. Bridges Investment Management Inc. raised its holdings in Lamb Weston by 2.8% in the third quarter. Bridges Investment Management Inc. now owns 6,648 shares of the specialty retailer’s stock valued at $430,000 after acquiring an additional 181 shares in the last quarter. Coldstream Capital Management Inc. boosted its stake in Lamb Weston by 5.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 3,649 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 186 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Lamb Weston by 1.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 13,382 shares of the specialty retailer’s stock worth $1,125,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays increased their price target on shares of Lamb Weston from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Wells Fargo & Company increased their target price on Lamb Weston from $70.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Citigroup cut Lamb Weston from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $68.00 in a research note on Friday. Jefferies Financial Group increased their target price on shares of Lamb Weston from $80.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Bank of America lifted their price target on shares of Lamb Weston from $68.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $81.42.

Lamb Weston Trading Down 0.7 %

Lamb Weston stock opened at $62.09 on Friday. Lamb Weston Holdings, Inc. has a 52-week low of $52.99 and a 52-week high of $111.88. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.34 and a beta of 0.70. The firm has a 50-day moving average price of $76.76 and a two-hundred day moving average price of $72.58.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, December 19th. The specialty retailer reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.35). Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm posted $1.45 earnings per share. The business’s quarterly revenue was down 7.5% on a year-over-year basis. Sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current year.

Lamb Weston Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be paid a $0.37 dividend. This is a boost from Lamb Weston’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, January 31st. This represents a $1.48 annualized dividend and a dividend yield of 2.38%. Lamb Weston’s dividend payout ratio is presently 56.92%.

Lamb Weston 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.