Net Worth Advisory Group Takes Position in Lamb Weston Holdings, Inc. (NYSE:LW)

Net Worth Advisory Group purchased a new stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,157 shares of the specialty retailer's stock, valued at approximately $275,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. CX Institutional purchased a new stake in Lamb Weston in the 1st quarter valued at $48,000. SG Americas Securities LLC raised its position in Lamb Weston by 153.2% in the 1st quarter. SG Americas Securities LLC now owns 63,191 shares of the specialty retailer's stock valued at $3,368,000 after buying an additional 38,233 shares during the last quarter. Yousif Capital Management LLC raised its position in Lamb Weston by 3.8% in the 1st quarter. Yousif Capital Management LLC now owns 19,394 shares of the specialty retailer's stock valued at $1,034,000 after buying an additional 710 shares during the last quarter. Farther Finance Advisors LLC raised its position in Lamb Weston by 47.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,823 shares of the specialty retailer's stock valued at $97,000 after buying an additional 588 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in Lamb Weston by 37.7% in the 1st quarter. Park Avenue Securities LLC now owns 12,258 shares of the specialty retailer's stock valued at $653,000 after buying an additional 3,357 shares during the last quarter. 89.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LW. Wall Street Zen raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays decreased their target price on Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company decreased their target price on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a report on Wednesday, March 19th. Finally, 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. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Lamb Weston currently has a consensus rating of "Hold" and a consensus target price of $69.91.

Lamb Weston Price Performance

NYSE:LW traded up $0.51 during mid-day trading on Monday, reaching $55.31. The stock had a trading volume of 1,651,609 shares, compared to its average volume of 2,652,155. The firm has a 50 day moving average price of $53.29 and a two-hundred day moving average price of $57.99. The stock has a market capitalization of $7.80 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.40 and a beta of 0.49. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $87.94. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

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

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 2nd were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $1.48 annualized dividend and a yield of 2.68%. Lamb Weston's payout ratio is 58.04%.

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.