Victory Capital Management Inc. Has $1.10 Million Stake in Lamb Weston (NYSE:LW)

Victory Capital Management Inc. lessened its stake in Lamb Weston (NYSE:LW - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,644 shares of the specialty retailer's stock after selling 4,468 shares during the period. Victory Capital Management Inc.'s holdings in Lamb Weston were worth $1,100,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC bought a new position in shares of Lamb Weston during the 4th quarter worth approximately $34,000. Wayfinding Financial LLC acquired a new stake in shares of Lamb Weston in the 1st quarter valued at $28,000. Whipplewood Advisors LLC grew its holdings in shares of Lamb Weston by 3,466.7% in the 1st quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock worth $29,000 after purchasing an additional 520 shares during the last quarter. CX Institutional acquired a new stake in shares of Lamb Weston during the 1st quarter worth about $48,000. Finally, Acuitas Investments LLC increased its position in shares of Lamb Weston by 239.3% during the 1st quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 670 shares in the last quarter. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Trading Down 2.9%

LW stock traded down $1.69 during midday trading on Thursday, reaching $57.01. The stock had a trading volume of 2,605,023 shares, compared to its average volume of 2,858,852. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 2.17 and a beta of 0.46. Lamb Weston has a twelve month low of $47.87 and a twelve month high of $83.98. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 2.12. The business has a fifty day simple moving average of $53.65 and a two-hundred day simple moving average of $54.44.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.59 billion. Lamb Weston had a net margin of 5.54% and a return on equity of 27.99%. The business's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. As a group, research analysts expect that Lamb Weston will post 3.1 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 1st will be issued 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 2.6%. Lamb Weston's dividend payout ratio (DPR) is 58.96%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LW. Bank of America reduced their price target on shares of Lamb Weston from $60.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the stock a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company raised their price target on Lamb Weston from $65.00 to $66.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Barclays lifted their price objective on Lamb Weston from $61.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Jefferies Financial Group decreased their target price on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.40.

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.