Douglas Lane & Associates LLC Grows Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Douglas Lane & Associates LLC raised its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,066,915 shares of the specialty retailer's stock after buying an additional 45,735 shares during the quarter. Douglas Lane & Associates LLC owned about 0.75% of Lamb Weston worth $56,867,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LW. Putney Financial Group LLC bought a new position in Lamb Weston during the fourth quarter valued at $34,000. Stonebridge Financial Group LLC bought a new stake in Lamb Weston in the fourth quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston in the fourth quarter valued at $36,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Lamb Weston during the fourth quarter valued at approximately $47,000. Finally, Advantage Trust Co bought a new stake in shares of Lamb Weston during the 4th quarter worth approximately $53,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 0.4%

Shares of Lamb Weston stock traded up $0.22 on Thursday, reaching $55.44. 392,846 shares of the company were exchanged, compared to its average volume of 2,643,317. The stock's 50 day moving average price is $53.21 and its 200-day moving average price is $59.41. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. Lamb Weston Holdings, Inc. has a 1-year low of $47.90 and a 1-year high of $88.25. The company has a market cap of $7.82 billion, a P/E ratio of 21.91, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings results 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 company 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%. Lamb Weston's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 EPS. As a group, equities analysts forecast that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 2nd were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.67%. Lamb Weston's dividend payout ratio is currently 58.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Jefferies Financial Group decreased their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, Stifel Nicolaus set a $56.00 price objective on shares of Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $69.91.

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.