Russell Investments Group Ltd. Sells 63,834 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Russell Investments Group Ltd. trimmed its position in Lamb Weston Holdings, Inc. (NYSE:LW) by 50.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 62,117 shares of the specialty retailer’s stock after selling 63,834 shares during the period. Russell Investments Group Ltd.’s holdings in Lamb Weston were worth $6,715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LW. VisionPoint Advisory Group LLC raised its position in Lamb Weston by 113.4% in the third quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock worth $28,000 after acquiring an additional 161 shares during the period. Headlands Technologies LLC purchased a new position in Lamb Weston in the fourth quarter valued at approximately $51,000. Desjardins Global Asset Management Inc. lifted its stake in Lamb Weston by 537.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,134 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 956 shares during the last quarter. ZRC Wealth Management LLC purchased a new stake in Lamb Weston in the fourth quarter worth $129,000. Finally, Private Trust Co. NA raised its stake in shares of Lamb Weston by 15.3% in the fourth quarter. Private Trust Co. NA now owns 1,250 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Down 2.3 %

Shares of LW stock opened at $83.16 on Thursday. Lamb Weston Holdings, Inc. has a 52-week low of $77.41 and a 52-week high of $117.38. The business’s fifty day moving average is $92.65 and its 200 day moving average is $98.33. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.52 and a current ratio of 1.19. The company has a market capitalization of $12.01 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.38 and a beta of 0.79.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.65 billion. Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 EPS. On average, equities research analysts anticipate that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Thursday, May 2nd. Lamb Weston’s payout ratio is 19.23%.

Analyst Upgrades and Downgrades

LW has been the subject of several research reports. Stifel Nicolaus cut their price target on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Citigroup lowered their price target on shares of Lamb Weston from $132.00 to $106.00 and set a “buy” rating on the stock in a research report on Monday, April 8th. Wells Fargo & Company cut their price objective on shares of Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Bank of America lowered their target price on shares of Lamb Weston from $138.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Finally, Barclays reduced their price target on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.