Raymond James Financial Inc. Has $19.61 Million Stake in Lamb Weston $LW

Key Points

• Raymond James Financial Inc. increased its stake in Lamb Weston by 24.2%, acquiring an additional 71,618 shares during the first quarter, bringing their total ownership to 367,923 shares valued at approximately $19.61 million.
• Research analysts have mixed opinions on Lamb Weston; while Wells Fargo raised their price target from $65.00 to $66.00 with an "overweight" rating, Bank of America reduced their price objective from $60.00 to $56.00 with a "neutral" rating.
• Lamb Weston announced a quarterly dividend of $0.37 per share, which will be paid on August 29th, indicating a 2.6% dividend yield for shareholders.

Raymond James Financial Inc. grew its position in Lamb Weston (NYSE:LW - Free Report) by 24.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 367,923 shares of the specialty retailer's stock after purchasing an additional 71,618 shares during the period. Raymond James Financial Inc. owned approximately 0.26% of Lamb Weston worth $19,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Romano Brothers AND Company grew its position in Lamb Weston by 1.4% in the 1st quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer's stock worth $813,000 after purchasing 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% in 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 during the last quarter. Concurrent Investment Advisors LLC grew its position in Lamb Weston by 4.0% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer's stock worth $319,000 after purchasing an additional 230 shares during the last quarter. Snowden Capital Advisors LLC grew its position in Lamb Weston by 8.2% in the 4th 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 during the last quarter. Finally, Smith Thornton Advisors LLC grew 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 purchasing an additional 275 shares during the last quarter. Institutional investors own 89.56% of the company's stock.

Analysts Set New Price Targets

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

Lamb Weston Price Performance

LW stock traded up $1.29 on Friday, hitting $57.54. 1,115,350 shares of the company's stock traded hands, compared to its average volume of 1,419,953. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 2.32 and a beta of 0.49. The stock has a fifty day moving average of $53.85 and a 200-day moving average of $53.61. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12.

Lamb Weston (NYSE:LW - Get Free Report) last released 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 net margin of 5.54% and a return on equity of 27.99%. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $0.78 earnings per share. The business's quarterly revenue was up 4.0% on a year-over-year basis. Lamb Weston has set its FY 2026 guidance at EPS. On average, analysts forecast 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 was paid on Friday, August 29th. Investors of record on Friday, August 1st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $1.48 annualized dividend and a yield of 2.6%. Lamb Weston's dividend payout ratio is currently 58.96%.

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.