Deprince Race & Zollo Inc. Grows Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Deprince Race & Zollo Inc. raised its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 791,028 shares of the specialty retailer's stock after purchasing an additional 60,219 shares during the quarter. Lamb Weston accounts for approximately 1.0% of Deprince Race & Zollo Inc.'s investment portfolio, making the stock its 19th biggest holding. Deprince Race & Zollo Inc. owned 0.55% of Lamb Weston worth $52,864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LW. Wilmington Savings Fund Society FSB purchased a new position in Lamb Weston in the third quarter valued at $63,000. Principal Financial Group Inc. increased its stake in shares of Lamb Weston by 2.4% in the 3rd quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer's stock valued at $10,744,000 after purchasing an additional 3,927 shares in the last quarter. GAMMA Investing LLC raised its holdings in Lamb Weston by 67.8% in the 4th quarter. GAMMA Investing LLC now owns 1,846 shares of the specialty retailer's stock worth $123,000 after purchasing an additional 746 shares during the period. Fulton Bank N.A. boosted its position in Lamb Weston by 6.2% during the fourth quarter. Fulton Bank N.A. now owns 4,877 shares of the specialty retailer's stock worth $326,000 after purchasing an additional 285 shares in the last quarter. Finally, West Oak Capital LLC grew its holdings in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 274 shares during the period. 89.56% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LW shares. Jefferies Financial Group dropped their price target on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company cut their target price on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $70.64.

Lamb Weston Trading Down 1.3 %

LW traded down $0.66 during trading hours on Friday, reaching $50.80. The company's stock had a trading volume of 1,209,835 shares, compared to its average volume of 2,649,848. The stock has a market cap of $7.17 billion, a PE ratio of 20.08, a P/E/G ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The business's 50-day moving average is $53.05 and its 200-day moving average is $62.49.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.50 billion. Lamb Weston had a return on equity of 27.82% and a net margin of 5.80%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $1.20 EPS. As a group, equities research analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Friday, May 2nd. Lamb Weston's payout ratio is 58.04%.

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.