Lamb Weston Holdings, Inc. (NYSE:LW) Stock Position Decreased by Southpoint Capital Advisors LP

Southpoint Capital Advisors LP trimmed its holdings in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,902,243 shares of the specialty retailer's stock after selling 97,757 shares during the period. Lamb Weston accounts for 3.0% of Southpoint Capital Advisors LP's portfolio, making the stock its 14th biggest position. Southpoint Capital Advisors LP owned approximately 1.33% of Lamb Weston worth $127,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Stonebridge Financial Group LLC bought a new position in Lamb Weston in the fourth quarter worth about $35,000. SBI Securities Co. Ltd. bought a new position in Lamb Weston in the fourth quarter worth about $36,000. Wingate Wealth Advisors Inc. bought a new position in Lamb Weston in the fourth quarter worth about $47,000. Advantage Trust Co bought a new position in shares of Lamb Weston during the fourth quarter worth about $53,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Lamb Weston during the fourth quarter worth about $78,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Price Performance

Shares of Lamb Weston stock traded down $0.41 on Friday, hitting $50.61. The company had a trading volume of 1,911,810 shares, compared to its average volume of 2,650,394. The business has a 50-day simple moving average of $53.09 and a 200-day simple moving average of $60.83. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.35 and a quick ratio of 0.53. The company has a market cap of $7.14 billion, a PE ratio of 20.00, a PEG ratio of 1.40 and a beta of 0.46. Lamb Weston Holdings, Inc. has a 52 week low of $47.90 and a 52 week high of $89.51.

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

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 2.92%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company lowered their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Barclays lowered their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 target price on shares of Lamb Weston in a research note on Wednesday, March 19th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $69.91.

About Lamb Weston

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.