Lamb Weston $LW Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its holdings in Lamb Weston (NYSE:LW - Free Report) by 15.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,428 shares of the specialty retailer's stock after buying an additional 11,141 shares during the period. National Bank of Canada FI owned about 0.06% of Lamb Weston worth $4,340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of LW. Raymond James Financial Inc. purchased a new position in Lamb Weston in the fourth quarter worth $19,802,000. Sterling Capital Management LLC grew its holdings in Lamb Weston by 44.9% in the fourth quarter. Sterling Capital Management LLC now owns 7,222 shares of the specialty retailer's stock worth $483,000 after purchasing an additional 2,237 shares during the last quarter. Townsquare Capital LLC grew its holdings in Lamb Weston by 13.9% in the fourth quarter. Townsquare Capital LLC now owns 4,494 shares of the specialty retailer's stock worth $300,000 after purchasing an additional 550 shares during the last quarter. Mariner LLC grew its holdings in Lamb Weston by 6.1% in the fourth quarter. Mariner LLC now owns 23,886 shares of the specialty retailer's stock worth $1,596,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Lamb Weston in the fourth quarter worth $134,000. Institutional investors own 89.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LW shares. Bank of America cut their price target 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. Barclays lifted their price target on shares of Lamb Weston from $61.00 to $68.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price target 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. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $67.40.

Lamb Weston Stock Performance

Shares of LW traded up $0.08 during trading hours on Monday, reaching $54.23. 405,389 shares of the company traded hands, compared to its average volume of 2,366,651. The stock has a market capitalization of $7.56 billion, a P/E ratio of 21.61, a P/E/G ratio of 2.15 and a beta of 0.49. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98. The business has a fifty day moving average price of $53.62 and a 200-day moving average price of $53.77.

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

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 1st will be given a dividend of $0.37 per share. The ex-dividend date is Friday, August 1st. This represents a $1.48 dividend on an annualized basis and a yield of 2.7%. Lamb Weston's payout ratio is currently 58.96%.

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.