Lamb Weston Holdings, Inc. (NYSE:LW) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 22.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,425,229 shares of the specialty retailer's stock after acquiring an additional 265,697 shares during the period. Ameriprise Financial Inc. owned approximately 1.00% of Lamb Weston worth $95,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LW. Wilmington Savings Fund Society FSB bought a new stake in Lamb Weston in the third quarter worth about $63,000. Principal Financial Group Inc. lifted its stake in shares of Lamb Weston by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 165,953 shares of the specialty retailer's stock worth $10,744,000 after acquiring an additional 3,927 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Lamb Weston by 67.8% during the 4th quarter. GAMMA Investing LLC now owns 1,846 shares of the specialty retailer's stock valued at $123,000 after acquiring an additional 746 shares during the period. Fulton Bank N.A. grew its position in Lamb Weston by 6.2% in the 4th quarter. Fulton Bank N.A. now owns 4,877 shares of the specialty retailer's stock valued at $326,000 after acquiring an additional 285 shares during the last quarter. Finally, West Oak Capital LLC increased its stake in Lamb Weston by 155.7% in the fourth quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 274 shares during the period. Hedge funds and other institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Down 1.3 %

Shares of LW traded down $0.66 during trading hours on Friday, hitting $50.80. The company had a trading volume of 1,209,835 shares, compared to its average volume of 2,649,848. The company's fifty day moving average price is $53.05 and its two-hundred day moving average price is $62.49. Lamb Weston Holdings, Inc. has a one year low of $47.90 and a one year high of $89.51. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $7.17 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.46.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.23. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm earned $1.20 EPS. The company's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities 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 announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.91%. The ex-dividend date is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.

Wall Street Analysts Forecast Growth

LW has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on shares of Lamb Weston from $72.00 to $66.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group dropped their target price on shares of Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $57.00 price target on shares of Lamb Weston in a research note on Wednesday, March 19th. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, StockNews.com raised Lamb Weston from a "sell" rating to a "hold" rating in a research report on Thursday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $70.64.

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.