Credit Agricole S A Sells 18,375 Shares of Lamb Weston $LW

Key Points

• Credit Agricole S A has reduced its stake in Lamb Weston by 34.1%, selling 18,375 shares, resulting in a total of 35,582 shares valued at approximately $1.89 million.
• Multiple institutional investors have increased their stakes in Lamb Weston recently, with notable increases from JANA Partners (22.3%) and Citigroup (324.4%).
• Lamb Weston reported a net margin of 5.54% and earnings per share (EPS) of $0.87 for its last quarter, exceeding analyst expectations of $0.64, while also announcing a quarterly dividend of $0.37 per share.

Credit Agricole S A lowered its stake in Lamb Weston (NYSE:LW - Free Report) by 34.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 35,582 shares of the specialty retailer's stock after selling 18,375 shares during the period. Credit Agricole S A's holdings in Lamb Weston were worth $1,897,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LW. Romano Brothers AND Company raised its holdings in shares of Lamb Weston by 1.4% during the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock valued at $813,000 after buying an additional 218 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Lamb Weston by 2.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer's stock worth $585,000 after purchasing an additional 219 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Lamb Weston by 4.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock valued at $319,000 after buying an additional 230 shares during the period. Snowden Capital Advisors LLC lifted its position in shares of Lamb Weston by 8.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 3,393 shares of the specialty retailer's stock worth $227,000 after purchasing an additional 256 shares in the last quarter. Finally, Smith Thornton Advisors LLC lifted its position in Lamb Weston by 6.8% in the 1st quarter. Smith Thornton Advisors LLC now owns 4,300 shares of the specialty retailer's stock worth $229,000 after buying an additional 275 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on LW shares. Barclays lifted their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Lamb Weston in a research report on Wednesday, August 20th. They set a "neutral" rating and a $57.00 target price on the stock. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company raised their price objective on shares of Lamb Weston from $65.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Finally, Bank of America lowered their target price on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a report on Wednesday, June 18th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Lamb Weston currently has a consensus rating of "Hold" and a consensus price target of $65.30.

Lamb Weston Stock Up 2.3%

LW traded up $1.29 during trading on Friday, reaching $57.54. 1,115,350 shares of the stock were exchanged, compared to its average volume of 1,419,953. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.68 and a current ratio of 1.38. The stock's 50 day moving average price is $53.85 and its two-hundred day moving average price is $53.59. The stock has a market cap of $8.02 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 2.37 and a beta of 0.49. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98.

Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.64 by $0.23. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.59 billion. The firm's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. Equities analysts expect that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 1st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, August 1st. Lamb Weston's dividend payout ratio (DPR) is 58.96%.

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.