OneDigital Investment Advisors LLC Invests $707,000 in Lamb Weston Holdings, Inc. (NYSE:LW)

OneDigital Investment Advisors LLC bought a new stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,584 shares of the specialty retailer's stock, valued at approximately $707,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Lamb Weston by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,646,887 shares of the specialty retailer's stock worth $1,112,511,000 after buying an additional 58,066 shares during the period. Capital Research Global Investors acquired a new position in Lamb Weston during the 4th quarter worth approximately $423,270,000. Boston Partners raised its stake in Lamb Weston by 26.8% during the 4th quarter. Boston Partners now owns 3,477,165 shares of the specialty retailer's stock worth $232,330,000 after buying an additional 735,901 shares during the period. Geode Capital Management LLC raised its stake in Lamb Weston by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 3,436,604 shares of the specialty retailer's stock worth $229,065,000 after buying an additional 48,548 shares during the period. Finally, Invesco Ltd. raised its stake in Lamb Weston by 6.2% during the 4th quarter. Invesco Ltd. now owns 3,226,695 shares of the specialty retailer's stock worth $215,640,000 after buying an additional 187,058 shares during the period. Institutional investors own 89.56% of the company's stock.

Lamb Weston Stock Performance

NYSE LW traded down $0.72 on Thursday, hitting $52.09. 1,363,368 shares of the stock traded hands, compared to its average volume of 2,629,834. The business's fifty day moving average is $53.05 and its two-hundred day moving average is $63.68. Lamb Weston Holdings, Inc. has a 12 month low of $47.90 and a 12 month high of $89.51. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.40 and a beta of 0.48. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.53 and a current ratio of 1.35.

Lamb Weston (NYSE:LW - Get Free Report) last announced its quarterly earnings data on Thursday, April 3rd. The specialty retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $1.20 earnings per share. Lamb Weston's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Analysts Set New Price Targets

Several brokerages have recently commented on LW. StockNews.com downgraded Lamb Weston from a "hold" rating to a "sell" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Jefferies Financial Group lowered their price objective on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. 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, Wells Fargo & Company lowered their price objective on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.