State of Tennessee Department of Treasury Grows Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

State of Tennessee Department of Treasury raised its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,519 shares of the specialty retailer's stock after acquiring an additional 9,407 shares during the period. State of Tennessee Department of Treasury's holdings in Lamb Weston were worth $4,713,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. West Oak Capital LLC raised its holdings in Lamb Weston by 155.7% in the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock valued at $30,000 after buying an additional 274 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $35,000. SBI Securities Co. Ltd. acquired a new position in shares of Lamb Weston in the 4th quarter worth approximately $36,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Lamb Weston during the 4th quarter worth approximately $47,000. Finally, Advantage Trust Co acquired a new stake in Lamb Weston in the 4th quarter valued at approximately $53,000. 89.56% of the stock is owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

Lamb Weston stock traded down $0.25 during mid-day trading on Thursday, reaching $52.57. 363,371 shares of the company were exchanged, compared to its average volume of 2,647,291. The firm has a market cap of $7.42 billion, a PE ratio of 20.79, a price-to-earnings-growth 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. The firm's 50-day simple moving average is $53.05 and its two-hundred day simple moving average is $63.68. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results 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 net margin of 5.80% and a return on equity of 27.82%. 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 previous year, the firm earned $1.20 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio is currently 58.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus set a $56.00 price objective on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. StockNews.com cut Lamb Weston from a "hold" rating to a "sell" rating in a research note on Wednesday. Wells Fargo & Company lowered their target price 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. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $57.00 price target on shares of Lamb Weston in a research report on Wednesday, March 19th. Finally, 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 report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.