Southpoint Capital Advisors LP Reduces Stake in Lamb Weston Holdings, Inc. (NYSE:LW)

Southpoint Capital Advisors LP lessened its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,902,243 shares of the specialty retailer's stock after selling 97,757 shares during the period. Lamb Weston makes up 3.0% of Southpoint Capital Advisors LP's investment portfolio, making the stock its 14th largest position. Southpoint Capital Advisors LP owned 1.33% of Lamb Weston worth $127,127,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Stonebridge Financial Group LLC acquired a new position in Lamb Weston during the 4th quarter worth about $35,000. SBI Securities Co. Ltd. acquired a new position in Lamb Weston during the 4th quarter worth about $36,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $47,000. Advantage Trust Co acquired a new stake in shares of Lamb Weston during the fourth quarter worth about $53,000. Finally, Allworth Financial LP lifted its position in shares of Lamb Weston by 16.1% during the fourth quarter. Allworth Financial LP now owns 1,223 shares of the specialty retailer's stock worth $74,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. StockNews.com raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company reduced their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Barclays reduced their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, Stifel Nicolaus set a $56.00 price target on shares of Lamb Weston and gave the stock a "hold" rating in a research report on Thursday, April 24th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $69.91.

Lamb Weston Stock Down 4.5%

LW stock traded down $2.42 during mid-day trading on Wednesday, reaching $51.49. The company had a trading volume of 1,448,765 shares, compared to its average volume of 2,654,750. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46. The firm has a fifty day simple moving average of $53.19 and a 200 day simple moving average of $61.21. Lamb Weston Holdings, Inc. has a fifty-two week low of $47.90 and a fifty-two week high of $89.51.

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

Lamb Weston Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.87%. Lamb Weston's payout ratio is currently 58.04%.

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.