Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its stake in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 40.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,409 shares of the specialty retailer's stock after selling 36,323 shares during the period. Raymond James & Associates' holdings in Lamb Weston were worth $5,881,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC lifted its stake in shares of Lamb Weston by 24.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 582 shares of the specialty retailer's stock worth $54,000 after acquiring an additional 114 shares during the last quarter. Imprint Wealth LLC lifted its stake in shares of Lamb Weston by 2.6% during the 2nd quarter. Imprint Wealth LLC now owns 4,729 shares of the specialty retailer's stock worth $544,000 after acquiring an additional 118 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Lamb Weston by 0.7% during the 1st quarter. MML Investors Services LLC now owns 16,823 shares of the specialty retailer's stock worth $1,758,000 after acquiring an additional 119 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of Lamb Weston by 6.2% during the 2nd quarter. Horizon Investments LLC now owns 2,245 shares of the specialty retailer's stock worth $257,000 after acquiring an additional 132 shares during the last quarter. Finally, Clear Street Markets LLC lifted its stake in shares of Lamb Weston by 92.5% during the 1st quarter. Clear Street Markets LLC now owns 283 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 136 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Down 0.7 %

Shares of NYSE:LW traded down $0.58 on Wednesday, reaching $79.86. The company had a trading volume of 4,406,237 shares, compared to its average volume of 2,222,600. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The firm's 50 day simple moving average is $100.48 and its 200-day simple moving average is $99.39. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $11.53 billion, a PE ratio of 10.66, a PEG ratio of 1.27 and a beta of 0.72.

Lamb Weston (NYSE:LW - Get Free Report) last announced its earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.20). Lamb Weston had a return on equity of 50.74% and a net margin of 16.71%. The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter last year, the firm earned $1.43 earnings per share. The firm's quarterly revenue was up 16.3% compared to the same quarter last year. As a group, analysts expect that Lamb Weston Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 3rd will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.44 annualized dividend and a yield of 1.80%. Lamb Weston's dividend payout ratio (DPR) is 19.23%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays reduced their price objective on Lamb Weston from $125.00 to $105.00 and set an "overweight" rating on the stock in a report on Monday. Stifel Nicolaus reduced their price objective on Lamb Weston from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Bank of America reduced their price objective on Lamb Weston from $138.00 to $113.00 and set a "buy" rating on the stock in a report on Friday, April 5th. Wells Fargo & Company reduced their price objective on Lamb Weston from $128.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 5th. Finally, BNP Paribas assumed coverage on Lamb Weston in a report on Monday, March 11th. They issued an "outperform" rating and a $128.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to MarketBeat.com, Lamb Weston presently has a consensus rating of "Moderate Buy" and a consensus target price of $117.40.

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.