Lamb Weston $LW Stock Position Decreased by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management cut its Lamb Weston stake by 67.2% in the second quarter, selling 476,243 shares and retaining 232,894 shares worth approximately $10.1 million. Institutional investors collectively own 89.56% of the company.
• Lamb Weston reported quarterly EPS of $0.87, beating estimates of $0.63, while revenue rose 5.6% year over year to $1.77 billion. The company issued fiscal 2027 EPS guidance of $2.95–$3.25.
• Shares opened at $41.16, well below the 52-week high of $67.07. Analysts maintain a consensus “Hold” rating with an average price target of $52.73, while the company pays a quarterly dividend of $0.38, yielding about 3.7% annually.

Envestnet Asset Management Inc. lessened its stake in shares of Lamb Weston (NYSE:LW - Free Report) by 67.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,894 shares of the specialty retailer's stock after selling 476,243 shares during the period. Envestnet Asset Management Inc. owned approximately 0.17% of Lamb Weston worth $10,056,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp bought a new stake in Lamb Weston in the second quarter worth $25,000. MCF Advisors LLC increased its holdings in shares of Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 199 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Lamb Weston in the 2nd quarter worth about $29,000. Hantz Financial Services Inc. raised its position in shares of Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 571 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new position in Lamb Weston in the 2nd quarter worth about $36,000. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

Shares of LW opened at $41.16 on Friday. The firm has a market cap of $5.66 billion, a PE ratio of 19.79, a P/E/G ratio of 1.86 and a beta of 0.49. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The firm has a fifty day simple moving average of $50.42 and a two-hundred day simple moving average of $45.91. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07.

Lamb Weston (NYSE:LW - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.24. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the business posted $0.87 EPS. The company's revenue for the quarter was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities analysts anticipate that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 7th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a yield of 3.7%. Lamb Weston's dividend payout ratio is currently 73.08%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of Lamb Weston from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Sanford C. Bernstein increased their target price on Lamb Weston from $42.00 to $57.00 and gave the company a "market perform" rating in a research note on Tuesday, July 28th. Stephens decreased their price target on Lamb Weston from $55.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday. TD Cowen increased their price objective on Lamb Weston from $40.00 to $52.00 and gave the company a "hold" rating in a research report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $52.00 price objective on shares of Lamb Weston in a research report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $52.73.

Lamb Weston Profile

Lamb Weston Holdings, Inc NYSE: LW is a global producer and marketer of frozen potato products. The company supplies French fries, potato wedges, hash browns, potato rounds, mashed potatoes and other specialty potato products to restaurants, foodservice distributors, retailers and food manufacturers.

Its product portfolio includes conventional and specialty frozen potato offerings, as well as sweet potato products and appetizer items. Lamb Weston sells products under its Lamb Weston and Grown in Idaho brands, while also providing private-label products for retail and foodservice customers.

The company's history dates to the 1950s, when it began producing frozen potato products in the Pacific Northwest.

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